In a world marked by economic challenges, The Community Impact Fund stands out as a beacon of hope, embodying a profound “WHY” – to help organizations and individuals meet the needs of people in their community. Our unwavering “Mission” is to provide these organizations with the education and technology necessary to create sustainable and scalable community impact. Today, we delve into a pressing issue that affects millions of Americans, irrespective of their income – living paycheck to paycheck. The statistics are concerning, revealing a pressing need for our mission to make a significant impact.

The Widespread Challenge

A recent Harris Poll has painted a stark picture of the financial distress that many Americans grapple with. Approximately 65% of working Americans admit to frequently living paycheck to paycheck, as disclosed in a survey of 2,105 U.S. adults. Even more alarming, 30% of households report that they run out of money at the end of every month, while 35% say they don’t have any money left at the end of most months. The implications of this widespread financial instability extend far beyond the individual level and carry broader economic consequences.

The Surprising Truth: Income Doesn’t Guarantee Security

It’s not just low-income households that are affected; even those considered well-off are susceptible to financial shocks. Astonishingly, 51% of Americans earning more than $100,000 a year admit to running out of money at times. This phenomenon, described by Fiona Greig, Vanguard’s global head of investor research and policy, is “ubiquitous.” It occurs because most U.S. adults underestimate the size of the cash buffer they need. Furthermore, rising living expenses due to inflation further erode their financial stability.

Changing Trends and Uncertainties

The latest Harris survey data reveal a higher percentage of Americans living paycheck to paycheck than in previous years. Factors such as fluctuating energy costs and inflation contribute to these changing trends. Gasoline prices, in particular, have surged in recent months, impacting consumers’ budgets.

While generous government stimulus programs temporarily boosted savings during the pandemic, those savings have dwindled significantly. This leaves many Americans with reduced purchasing power. The increased reliance on credit cards, reflected in record-high U.S. credit card debt, highlights the challenges people face in maintaining financial stability.

Long-Term Consequences

The reduced savings rate and increased borrowing have long-term implications for Americans. Vanguard’s research indicates that most Americans, even with the influx of cash during the pandemic, aren’t on track to meet their spending needs in retirement, especially lower-income families. Even higher-income individuals rely on Social Security to a significant extent.

The vulnerability of Americans, both in the workforce and during retirement, poses a substantial challenge. Consumer spending, which accounts for about 70% of the U.S. economy, is at risk if people divert their funds towards paying off debt rather than investing in the economy. These issues may affect the nation’s overall growth.

A Turning Point for Our Economy

We find ourselves at a critical juncture in our economy, where the impact of the pandemic and changing financial dynamics necessitates a reevaluation of our financial systems. As we strive to emerge from these financial challenges, The Community Impact Fund is committed to providing the support and resources needed to empower organizations and individuals in creating a sustainable and scalable community impact. Our mission has never been more relevant or important.


The statistics reveal a stark reality for many Americans living paycheck to paycheck, emphasizing the urgency of The Community Impact Fund’s mission. By providing education, technology, and support, we aim to empower communities to break the cycle of financial distress. Together, we can make a significant and lasting impact on the lives of individuals and the economic well-being of our nation.

For more information on how you can contribute or benefit from The Community Impact Fund’s mission, please get in touch with us and Schedule a time. Together, we can work towards a brighter and more financially secure future for all.

* Info and stats gathered from

*Photo by Aarón Blanco Tejedor on Unsplash