5 Troubling Money Statistics and How To Use Them as Motivation in 2022

Money can make life stressful, especially if you don’t have enough. 

Many aspire to have a financially stable life, which requires us to work on our finances; however, it can still be a challenge to get the resources to accomplish that. 

In 2022, use these financial statistics to guide yourself to stability and set yourself up for success. 

54% of Americans Live Paycheck to Paycheck

According to a PYMNTS and LendingClub survey, 54% of Americans live paycheck to paycheck. In addition to that, 40% of people earning more than $100,000 per year said they lived paycheck to paycheck as well. 

What Can You Do?

If you’re living paycheck to paycheck, try to get out of this situation as soon as you can. One way to do this is to create a budget that works for you. When you make a budget, you know where your money is going. 

61% of Americans Struggle To Pay for a $1,000 Emergency

Suppose you receive an unexpected $1,000 bill like a car repair or you need to fix your roof. Can’t afford it? You’re not the only one. According to Bankrate, most Americans (61%) can’t come up with a $1,000 fund in case of an emergency.