One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck

Sharing is Caring!

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.

See also  Mark Nestmann: Making sense of the everything meltdown

www.msn.com/en-us/money/other/one-third-of-americans-making-250-000-live-paycheck-to-paycheck-survey-finds/ar-AAXXFaj

Help Support Independent Media, Please Donate or Subscribe:
Trending:
See also  50% of Americans had COVID infections. 66% are fully vaccinated. 78% are vaccinated. The vaccine is "95% effective." Yet cases are six times higher than in May of 2021.

Views: 112

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.