My guess is that MORE than 78% of Americans live paycheck-to-paycheck. They just do not realize it. But for some of them, the reckoning comes, because there are many among the 22% who are an unexpected disaster away from poverty. It just takes one unplanned catastrophic illness...and all the supposed safety of savings and thrift go right out the window.
That is how many people in our country find out why some of us insist on protecting and expanding safety-net programs.