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Inflation Forcing More Americans to Live Paycheck to Paycheck

Started by Epoch-Times-Bot, Oct 03, 2022, 09:30 AM

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Epoch-Times-Bot

Oct 03, 2022, 09:30 AM
Inflation Forcing More Americans to Live Paycheck to Paycheck

Persistent inflation is forcing more and more Americans to live paycheck to paycheck, according to a new report from the Lending Club.
The report, a collaboration between LendingClub and financial news and analysis platform PYMNTS, is based on data from a survey of 3,495 U.S. consumers conducted between Aug. 10 and Aug. 29, 2022.
It found that three in five U.S. consumers were living paycheck to paycheck in August, with nearly one-fifth of those stating that they struggled to pay their bills.
According to the report, among American consumers earning between $100,000 and $150,000 annually, 54 percent are living paycheck to paycheck, marking an increase of 7 percentage points from July 2022....

Source: Inflation Forcing More Americans to Live Paycheck to Paycheck

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