Paycheck to Paycheck: Growing Financial Strain in America

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Recorded11 Nov 2025

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New data from Bank of America reveals a growing number of Americans living paycheck to paycheck, with nearly one-quarter of households now in this category. The financial strain is more concentrated among lower-income earners, who have seen a slowdown in wage growth. Middle-aged households, including millennials and Gen X, are also affected, with higher-income millennials experiencing faster wage growth than lower-income individuals. This K-shaped economy is causing a broader economic shift, with consumer staples companies and fast-food restaurants noticing a pullback in spending from lower to middle-income customers.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.

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