Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck

Unrelenting inflation is taking a toll, leaving more Americans living paycheck to paycheck

• With persistent inflation weighing on consumers, the number of Americans living paycheck to paycheck is increasing, according to a recent report.
• The rise has been sharpest for higher earners, the report found.

Almost everyone has felt the sting of rising prices.

As of August, 60% of Americans were living paycheck to paycheck, according to a recent LendingClub report — a number that hasn’t budged much since inflation hit 40-year highs. A year ago, the number of adults who felt stretched too thin was closer to 55%.

Even high-income earners are feeling the strain, the report found. Of those earning more than six figures, 45% reported living paycheck to paycheck, a jump from the previous year’s 38%. 

https://www.cnbc.com/2022/09/30/stubborn-inflation-forces-more-americans-to-live-paycheck-to-paycheck-.html