60 Percent of US Adults Living Paycheck to Paycheck: Report
Americans are still struggling to save money at the end of each month amid the increased cost of living, although not quite as much as they were a year ago, according to a new report by LendingClub and Paymnts.
The report is based on a survey of 4,163 U.S. consumers conducted from Jan. 6 to Jan. 27, as well as an analysis of other economic data.
It found that as of January, 60 percent of U.S. adults, including more than four in 10 high-income consumers, live paycheck to paycheck, although that’s down from 64 percent in January 2022.
According to the report, 45 percent of consumers annually earning more than $100,000 reported living paycheck to paycheck in January 2023, down from 48 percent at the same time last year….