Living paycheck to paycheck
mark94
Arizona
Friday, December 16, 2022 5:37 AM
According to a study from the financial services company, the Lending Club:
“Just over 47% of Americans earning more than $100,000 were living paycheck to paycheck as of November, spiking 4% from October.
Overall, nearly 63% of Americans lived paycheck to paycheck in November, jumping from just over 60% in October, approaching the yearly high of nearly 64.5% set in March. Nearly 66% of those who earned between $50,000 and $100,000 were living paycheck-to-paycheck last month, compared to 76% of those who earned less than $50,000.”
As a result, inflation has knocked the hell out of most people, resulting in huge increases in credit card debt. Most people have no financial cushion to protect them from economic ups and downs.
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