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If you are living paycheck to paycheck, you are not alone. A recent study by the Financial Industry Regulatory Authority Investor Education Foundation shows that over half of all Americans living paycheck to paycheck.
Of the 55 percent of Americans in a paycheck to paycheck financial situation, a great number are spending more than they are making and therefore incurring debt.
60 percent of all Americans do not have sufficient savings to provide for unexpected emergencies, leaving them to turn to short term small amount loans to make ends meet when an unexpected situation arises.