Most Americans live paycheck to paycheck… Even 10 percent of those making $100,000 or more say they can’t make ends meet.
No matter how much you earn, getting by is still a struggle for most people these days.
Seventy-eight percent of full-time workers said they live paycheck to paycheck, up from 75 percent last year, according to a recent report from CareerBuilder.
While 46 percent said their debt is manageable, 56 percent said they were in over their heads. About 56 percent also save $100 or less each month, according to CareerBuilder.
The job-hunting site polled over 2,000 hiring and human resource managers and more than 3,000 full-time employees between May and June.
Most financial experts recommend stashing at least a six-month cushion in an emergency fund to cover anything from a dental bill to a car repair — and more if you are the sole breadwinner in your family or in business for yourself.
While household income has grown over the past decade, it has failed to keep up with the increased cost-of-living over the same period.
Even those making over six figures said they struggle to make ends meet. Nearly 1 in 10 of those making $100,000 or more said they usually or always live paycheck to paycheck, and 59 percent of those in that salary range said they were in the red.
The actual number of middle-income households has been shrinking for decades, and made up only half of the population in 2015, down from 61 percent in 1971 according to the Pew Research Center.