Definition of Paycheck-to-paycheck:
A salary or wages cheque made out to an employee.
A term referring to a situation in which an individual must meet all financial obligations with current earnings from one pay cycle to the next. Individuals who live paycheck-to-paycheck typically have no significant liquid assets. This state of financial vulnerability may rapidly lead to insolvency in the event of job loss or unexpected expenses such as medical bills.
How to use Paycheck-to-paycheck in a sentence?
- Then, earlier this month, employee paychecks were delayed after a financial rejiggering and a wave of staff layoffs.
Meaning of Paycheck-to-paycheck & Paycheck-to-paycheck Definition