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Most Americans Would Be Broke as a Joke if They Missed One Paycheck

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By CCN: Most Americans are financially unstable and live paycheck to paycheck. In fact, 51% of working Americans would be in dire financial straits if they missed a single paycheck. And an additional 15% would suffer severe hardship if they missed two pay periods. These alarming findings were uncovered in a personal finance survey from the National Opinion Research Center (NORC) at the University of Chicago. Low-Income and Hispanic Households Would Suffer Most The study found that millions of Americans would be unable to pay their mortgages or rents and cover basic necessities without dipping into their savings or using

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* First published on ccn.com

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