Is it math or mindset?
| |  | | May 2, 2025 | | | | | | | | Math or Mindset? Why People Live Paycheck to Paycheck | By Lindsay VanSomeren
The expression "living paycheck to paycheck" is thrown around a lot.
Most people use it to mean having just enough income to cover the necessities, and research shows it's an unfortunate reality for millions of Americans.
But the definition is far more complicated, according to PYMNTS, a payments industry publication that's been tracking people who identify themselves as living paycheck to paycheck since 2020.
PYMNTS found that a consistent majority of Americans consider themselves needing their next paycheck to meet their monthly obligations. But 25% of them do it predominantly by choice, and another 54% consider it a mix of choice and necessity. Just 21% say they have no other option. | | | | | | |   | | Will the Real Economy Please Stand Up? | Investing is never free of uncertainty, and that has felt especially true in the current macro environment.
With the release of the first quarter GDP report, however, clarity is dipping its toes back into the market ever so slightly.
Economic growth in Q1 2025 showed a much anticipated deceleration, with real GDP contracting an annualized 0.3%. This marks the first contraction since Q1 2022 and a significant slowdown from the 2.4% growth figure last quarter.
While typically alarming, this headline figure warrants a closer look, as it was heavily influenced by volatile components rather than a fundamental collapse in economic activity. Here's what to know.
Read more | | | | | | | "Unease is the word of the day."
—Nela Richardson, Chief Economist at ADP | Richardson, commenting this week on April's slowdown in private sector payroll growth, said employers aren't sure how to reconcile government policy and consumer uncertainty with what's so far been mostly positive economic data.
"It can be difficult to make hiring decisions in such an environment," she said. | | | | | |  | | House Republicans unveiled their plan to remake the federal student loan system. (NPR) | | | | | | | | | | | Selling Sunset's Emma Hernan talks about investing in "boring" businesses and the money secrets behind reality TV. | | | | | | | | |  | A Member-Exclusive Webinar | | | Ready for a fresh start? Sophia Amoruso, author of #Girlboss (the inspiration for the Netflix series) and Nasty Gal founder, did it — intentionally downsizing her life. Now, she's offering insights into her journey and financial strategies in a SoFi Ambition Club member-exclusive webinar.
Tune in this Monday, May 5, at 11am PST/2pm EST for an open conversation. Amoruso will discuss her playbook for financial freedom and how to cultivate a new kind of relationship with money. | | | | | | | | | Intel, insights, and inspo for your money. | | On the Money cuts through the noise of day‑to‑day financial news to bring you a more thoughtful point of view on what's important in this moment — and how it impacts your bottom line. We value your trust above all. | | | | | | | | | | Did you find today's newsletter valuable? | | | | |
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