PYMNTS-MonitorEdge-May-2024

Today in Data: Facing Financial Disruption

consumer finance

Today in Data, new research shows a majority of American consumers who live paycheck to paycheck dealt with some sort of financial disruption in the last six months.

Today in DataData

157M: Number of American adults who live paycheck to paycheck

61%: Share of population using the bulk of their paycheck to pay daily, weekly and monthly bills and other obligations

27%: Portion of payment declines in April due to insufficient funds, compared to 18% in March

1 in 5: Number of paycheck-to-paycheck consumers who spent more than they made in the past six months

⅔: Share of U.S. paycheck-to-paycheck consumers who dealt with financial disruption in the last six months

PYMNTS-MonitorEdge-May-2024