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,

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