The Tenuous Segment: 29 Million Coping, with Little Buffer for Financial Hurdles
Author: CFSI - Center for Financial Services Innovation
Topic: Financial well-being
Publisher: CFSI - Center for Financial Services Innovation
Location: United States
Format: Graphic
Content Type: Miscellaneous
Publication Date: December 31, 2015
More than half of Americans in the tenuous segment live paycheck to paycheck (53%) and struggle to keep up with bills and credit payments. Yet the majority receive regular wages and predictable income. In many ways, individuals in the tenuous segment resemble those in the striving segment, though they differ significantly in their planning and saving behaviours, and they have less financial confidence. People who fall into this segment span all income levels and represent diverse demographics.
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