A new survey is revealing shocking information about how adults in the U.S. are handling changes in the economy.
According to CNBC’s Financial Confidence Survey, more than half of all Americans (58%) are now living paycheck to paycheck — including a third of people with household incomes in the six figures.
The survey also shows that seven in 10 people are stressed about their personal finances. And the stress can be felt across all income levels.
“Whether or not you have significant wealth, everyone is feeling squeezed,” Misi Simms, portfolio manager at TIAA, a Fortune 100 financial services company, told CNBC.
According to the poll, 78% of those who make less than $50,000, 74% who make between $50,000 and $99,999, and 57% who make more than $100,000 feel stressed about their personal finances.
More women than men (72% vs 67%) admit feeling financially stressed. Younger generations are also more likely to feel stressed: 75% among …