KEY POINTS
  • With inflation still near 40-year highs, more than half of all Americans are living paycheck to paycheck, according to one report.
  • Consumers who are struggling to afford their day-to-day lifestyle tend to rely more on credit cards and carry higher monthly balances making them financially vulnerable.
  • Even top earners say they are stretched thin, the report found.

In this article

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet.

As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That's down slightly from 61% who reported living paycheck to paycheck in April but up from 54% in May 2021.

In this article