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The article is misleadingly framed by implying 58% being historically bad (though they avoid mentioning any historical comparisons in the article to avoid outright lying). Unfortunately 58% is a historically good number for this. It was as high as 78% in 2017. Also check out the very well sourced other comment on this article with this number for many more years. 58% seems historically one of the best results ever recorded.
https://www.cbsnews.com/news/americans-living-paycheck-to-paycheck/
Not that we shouldn't push for it to be even better, 58% is still not a good number in absolute terms in my opinion, but the article is being very misleading when it portrays this as some unheard of worsening catastrophe.