61% off Americans Living Paycheck to Paycheck

Posted on August 4, 2022

A new study from LendingClub and Pymnts.com has found that more Americans are living paycheck to paycheck. The study found 61% of Americans are currently living this way. This is an increase of 6% since June 2021 and it includes many families earning $100,000 or more. The study also found that families are saving less money.

Anuj Nayar, LendingClub's Financial Health Officer, says in a statement, "What a difference a year makes. Last summer we were all worried about how quickly the economy would recover. Now, as inflation continues its upwards swing, consumers are finding it more difficult to manage spending and are eating into their savings as financial pressures mount."

Here are some findings from the study:

The full report can be found on pymnts.com.

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