{"id":17761,"date":"2025-03-25T00:58:44","date_gmt":"2025-03-25T04:58:44","guid":{"rendered":"https:\/\/solofunds.com\/?p=17761"},"modified":"2025-03-25T14:17:19","modified_gmt":"2025-03-25T18:17:19","slug":"2025-cash-poor-report-data-shows-troubling-financial-trends-amongst-women-living-paycheck-to-paycheck","status":"publish","type":"post","link":"https:\/\/solofunds.com\/blog\/2025-cash-poor-report-data-shows-troubling-financial-trends-amongst-women-living-paycheck-to-paycheck\/","title":{"rendered":"2025 Cash Poor Report\u201d Data Shows Troubling Financial Trends Amongst Women Living Paycheck to Paycheck\u00a0"},"content":{"rendered":"

Findings highlight disproportionate challenges cash-poor women experience paying for expenses compared to their male counterparts<\/span><\/i><\/p>\n

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Los Angeles, CA, March 25, 2025<\/b> — <\/span>SoLo Funds <\/span><\/a><\/span>, the US\u2019s<\/span> largest community finance platform, <\/span>is announcing today data from the <\/span>The 2025 Cash<\/span> Poor Report<\/span><\/span><\/a> that depicts the concerning financial health and well-being for women living paycheck-to-paycheck or cash poor. The comprehensive survey examines this consumer\u2019s financial experience and the true total cost of borrowing money over a 12-month period from common options to cover unplanned expenses. This year\u2019s report reveals that 54% of cash-poor Americans are women, and that 71% report that their financial situation over the past twelve months is worse than they expected compared to 61% of men living paycheck-to-paycheck.\u00a0<\/span><\/p>\n

The 2025 Cash Poor Report was conducted in partnership with Opinium Research, Pace University, The Global Black Economic Forum, The Aspen Institute Financial Security Program, and the Independent Women\u2019s Forum. The <\/span>study<\/span> surveyed 2,000 American adults spanning Gen Z, Millennials, Gen X, Boomers and the Silent Generation, and found that <\/span>when comparing fees as a percentage of a $1,000 loan. <\/span>The survey illustrates that Americans with little or no savings paid more than $39 billion dollars in fees\u2013beyond the advertised Annual Percentage Rate (APR)–when seeking short-term capital, a 34% increase from 2023.\u00a0<\/span><\/p>\n

Findings show that cash-poor consumers are much larger than what was once assumed as it\u2019s mostly middle-class Americans, including those with college degrees, those who own homes, are investors, and those who have six-figure incomes. One in seven cash-poor Americans makes over 75,000 a year. As well as unplanned expenses costing the average American family living paycheck to paycheck $1,825 a year \u2013 a decrease from $1,900 in 2023.\u00a0<\/span><\/p>\n

Women disproportionately face economic barriers when paying for an emergency expense due to mounting debt, and bills. Some of the key findings include:\u00a0<\/span><\/p>\n