Breaking the Cycle: How to Break Free from Living Paycheck to Paycheck
TL;DR Summary
As holiday spending is expected to reach record levels, a TD Bank survey reveals that 96% of shoppers anticipate overspending, with half planning to take on more debt to cover expenses. However, only 23% have a plan to pay off this debt within one to two months. With credit card financing rates at all-time highs, carrying a balance can be costly, leading to financial distress. A CNBC survey found that 61% of Americans are living paycheck to paycheck, contributing to stress about finances.
Topics:business#budgeting#credit-card-debt#financial-distress#holiday-spending#living-paycheck-to-paycheck#personal-finance
- 62% of Americans are living paycheck to paycheck, as holiday spending, credit card debt rise CNBC
- Many Struggling US Consumers Revolve Credit Card Balances PYMNTS.com
- I'm a Financial Advisor: 6 Tips To Get Through the Holidays If You're Living Paycheck to Paycheck Yahoo Finance
- Most Americans Living Paycheck to Paycheck Expect To Spend The Same Or Less KABC
- Living paycheck to paycheck? Here's how to stop. ConsumerAffairs
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