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55% of Americans say finances are worsening, with irregular pay a key issue
A Yahoo Finance review of Gallup data found the share citing worse finances hit 55%, as more Americans take on multiple jobs and income variability complicates monthly budgeting.
Inflation and shifting paychecks are leaving many Americans feeling financially worse, with Gallup data cited by Yahoo Finance showing 55% of people saying their finances are getting worse.
The article links that strain to rising prices, and it also points to a growing number of Americans working multiple jobs, which it says has reached the highest level in decades.
Yahoo Finance describes how irregular income can make budgeting difficult, using the example of a worker holding three jobs, including rideshare and other shifts, who still feels broke because income varies month to month.
To cope, the piece recommends tracking income and expenses for a full year, using prior bank and credit card statements to calculate a monthly average, and setting aside funds for irregular costs like holidays, along with building a budget that can cover expenses even in the lowest-income months.