Millions of Americans live paycheck to paycheck. They don't have a choice about how to spend their money on payday because, by the time they receive it, most of it is already owed. That lack of.
In a TikTok video, a stay-at-home mother named Carlee explained how she budgets her husband's paycheck despite their mortgages being 44% of his pay. It raises alarm about how unaffordable housing is in the current economy.
To illustrate the severity of the current financial crisis, a TikTok account dedicated to the Titanic and its history calculated how much the cheapest ticket on the fated trip would cost today.
Living paycheck to paycheck can seem like a never-ending cycle, but it doesn't have to be. With the desire to break the cycle, a solid plan and a commitment to consistent actions, you can dig yourself.