In a recent Washington Post article on how households can decide which bills to pay first, Canary founder and CEO Rachel Schneider shared advice for people facing a financial shortfall. The article cites new Pew Research Center data showing that 27% of U.S. adults can’t fully pay some of their bills in a typical month. That includes 22% of middle-income Americans. “The priority should be preventing the most damaging consequences,” Rachel said. Her example is a rideshare driver who misses a car payment and could lose the vehicle they need to earn income. Her advice is to rank bills by what happens if they go unpaid, not by which one is due next.
