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

  • by:
  • Source: CNBC
  • 10/03/2022
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%. 
Child holding pocket money change by Annie Spratt is licensed under Unsplash unsplash.com

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