Shortcut Navigation:

Question for the Money Doctors

Question submitted on Apr 25, 2020.

Question

What is the percentage of working people living paycheck to paycheck?

Answer

Too many and I hope you are not one of them.

The current pandemic is teaching us the importance of living within you means and setting aside money in savings.

According to CareerBuilder, 78% of Americans live paycheck to paycheck.

You need to manage your debit and expenses.

Spend less than what you make.

Save at least 10% in savings.

Save at least 10% in retirement.

Spend no more than 1/3 on housing costs.

Please go to 360 Degrees of Financial Literacy to keep learning.

https://www.360financialliteracy.org/


For additional information visit //www.360financialliteracy.org/

close