Biden’s America: Majority Living Paycheck to Paycheck, Even Six-Figure Earners Overwhelmed
A new report said a majority of Americans are just squeaking by as a mountain of debt grows taller and taller.
As of July, 61 percent of adults in a LendingClub survey said they were living paycheck to paycheck, according to CNBC.
The study found that 78 percent of consumers who earn under $50,000 a year and 65 percent of those who make between $50,000 and $100,000 annually were living paycheck to paycheck in July.
Forty-four percent of those earning more than $100,000 a year were living check to check, the study said.
“Consumers are undoubtedly continuing to feel the impact of inflation and rising interest rates,” said Chris Fred,
