According to a New CareerBuilder Survey, 78% of Americans live financially paycheck-to-paycheck. That means almost 8 out of 10 people probably can’t afford the home they’re living in and the car they’re driving. They might not even have the cash to cover the next emergency.

Study Highlights:

• 78 percent of U.S. workers live paycheck to paycheck to make ends meet
• Nearly one in 10 workers making $100,000+ live paycheck to paycheck
• More than 1 in 4 workers do not set aside any savings each month
• Almost 3 in 4 workers say they are in debt today – more than half think they will always be
• More than half of minimum wage workers say they have to work more than one job to make ends meet

Americans want what they don’t have to impress people they probably don’t even like.

Today, a fancy car and a big house are perceived as the standards of financial success and wealth. But true success is about contentment and being in control of your time. If you’re content with what you have and control your time, you’ll likely not look for the next best thing to bring you “happiness.”

References:

1. https://press.careerbuilder.com/2017-08-24-Living-Paycheck-to-Paycheck-is-a-Way-of-Life-for-Majority-of-U-S-Workers-According-to-New-CareerBuilder-Survey
2. https://www.ramseysolutions.com/debt/tired-of-keeping-up-with-the-joneses