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51% in US One Paycheck From Disaster

Written by Staff Writer
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calculator 385506 640Half of Americans are just one paycheck away from financial disaster -Marketwatch
"Missing more than one paycheck is a one-way ticket to financial hardship for nearly half of the country's workforce. A new study from NORC at the University of Chicago, an independent social research institution, found that 51% of working adults in the United States would need to access savings to cover necessities if they missed more than one paycheck....

The findings were based on a survey of more than 1,000 adults. The researchers interviewed a nationally representative panel designed to be indicative of the U.S. population. The survey provides a sobering look at Americans' precarious finances even as the economy is improving...'Even short disruptions in pay can cause significant hardship, as most Americans appear to be living paycheck-to-paycheck,' Angela Fontes, director of the Behavioral and Economic Analysis and Decision-Making (BEAD) program at NORC at the University of Chicago, said in the report."