Nearly 60% of Americans Shun Automatic Bill Payments, Study Reveals

Autopay usage varies by income and financial status, with 41% of consumers using it overall. Higher earners and baby boomers are more likely to adopt autopay, while only 26% of struggling paycheck-to-paycheck consumers use it, fearing insufficient funds. It's more common for discretionary expenses (63% for streaming services) than essentials (22% for rent). With 78% of consumers affected by rising costs, many are seeking ways to manage expenses and improve cash flow.