Lately there have been a couple of polls conducted showing the percent of people living “paycheck to paycheck.” Here is a CNBC.com story from September 16 regarding this issue:
This “paycheck to paycheck” dynamic is noteworthy, especially since it appears to be widespread. It appears to be relatively common even among those making above $100,000.
It would be very interesting to have a better, and broader, understanding of this “paycheck to paycheck” issue. I’m sure it is an important driver in today’s economic situation.
SPX at 1071.66 as this post is written