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by ChadNauseam 556 days ago
So this statistic means most people are not living paycheck to paycheck right? (Although I didn’t think that “paycheck to paycheck” meant you would be ruined by an unexpected $400 expense)

Anyway, it still doesn’t seem like most people live paycheck to paycheck, according to your link:

> Some financial challenges, such as a job loss, require more financial resources than would an unexpected $400 expense. One common measure of financial resiliency is whether people have savings sufficient to cover three months of expenses if they lost their primary source of income. In 2023, 54 percent of adults said they had set aside money for three months of expenses in an emergency savings or “rainy day” fund—unchanged from 2022 but down from a high of 59 percent of adults in 2021.