I think that was still residual effects from the Great Recession, people whose salary took a major hit, were able to save less on the same lifestyle, probably took on more CC debt. In other words, the wages part of the equation was down more than prices.
The paycheck-to-paycheck number seems suspiciously low to me. Did they redefine some terms to bring the number down?
Like, it was significantly higher in the past when things were cheaper, so I'm confused how they got such a low number.
From 2017, same outlet even: https://www.cnbc.com/2017/08/24/most-americans-live-paycheck-to-paycheck.html
I think that was still residual effects from the Great Recession, people whose salary took a major hit, were able to save less on the same lifestyle, probably took on more CC debt. In other words, the wages part of the equation was down more than prices.