Nearly Two Thirds of Struggling Consumers Revolve Credit Card Balances

New Reality Check: The Paycheck-to-Paycheck Report: The Credit Card Use Deep Dive Edition

Although 43% of consumers at least occasionally revolve their credit card balances, 65% of struggling consumers do, representing a rise from 59% one year ago. PYMNTS Intelligence’s latest survey of 3,252 U.S. consumers, “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, explores how consumers are using credit as inflation continues to squeeze consumers.

Inside the December Report
  • 57%: Share of credit cards owned by consumers living paycheck to paycheck
  • 62%: Portion of consumers who lived paycheck to paycheck as of November 2023
  • 40%: Share of consumers living paycheck to paycheck with super-prime credit scores

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