Paycheck-to-Paycheck Ranks Swell as Rising Prices Erode Savings
Sixty-one percent of U.S. consumers were living paycheck to paycheck in December, up 7 percentage points since May 2021. The New Reality Check: The Paycheck-To-Paycheck Report, a PYMNTS and LendingClub collaboration, surveyed over 3,000 U.S. consumers to learn how factors such as inflation and dwindling savings are affecting their financial lifestyles — and how they are coping.
