Is Living Paycheck to Paycheck the New Normal for Middle-Class America? - Non Profit News

“Millions of middle-class Americans are just one missed paycheck away from poverty,” reports Aimee Picchi for CBS News. Picchi adds that four in ten are considered “liquid-asset poor,” which is defined as lacking “enough savings to make ends meet at the poverty level for three months.” For a family of four to live at a poverty-line income for three months would cost $6,275. Again, four in ten households have cash savings that fall below this amount.
Read more: https://nonprofitquarterly.org/2019/02/04/is-living-paycheck-to-paycheck-the-new-normal-for-middle-class-america/?source=Snapzu