Among all consumers surveyed, 61.3% reported living paycheck-to-paycheck in April, a 9 percentage-point increase from a year earlier, LendingClub said in its report.
To finance their lifestyles, higher-income households are more likely to put expenses on credit cards — but also more likely to be able to pay off their balance in full. US consumer borrowing soared in March by the most on record as credit-card balances ballooned and non-revolving credit jumped, highlighting the combined impact of solid spending and rising prices.
We are primarily funded by readers. Please subscribe and donate to support us!
See also Americans say NO MORE: 54% oppose bigger migrant flows, and barely a quarter back Biden's immigration strategy as Title 42 floodgates open
See also ANOTHER HOAX! Democrats Ridiculously Lie That Americans Are Somehow Being ‘Secretly Poisoned by Their Gas Stoves’ [If True, Democrats Would Be FORCING You to Use a Gas Stove]