Majority of U.S. Consumers Across Income Levels Live Paycheck to Paycheck

About 60% of U.S. consumers across all income levels reported living paycheck to paycheck in August.
45% of high-income consumers earning over $100k per year reported living paycheck to paycheck.
62% of those earning $50k-$100k annually reported living paycheck to paycheck.
76% of those earning under $50k per year reported living paycheck to paycheck.
Almost half of consumers say their financial stability changes by season, including a third who don't live paycheck to paycheck.

thehill.com

Relevant topic timeline:

8/20/2023

61% Of Americans Are Living Paycheck to Paycheck: Report

### Summary 🇺🇸 61% of Americans are living paycheck to paycheck, according to a new report. ### Facts - 📊 About three-quarters of consumers earning under $50,000 and 65% of those making $50,000 to $100,000 were living paycheck to paycheck in June. - 💰 45% of those making over $100,000 reported a paycheck-to-paycheck existence. - 💸 Inflation, rising interest rates, and inadequate savings are cited as factors contributing to financial stress. - 😰 52% of respondents reported feeling more financially stressed than before the COVID-19 pandemic.

9/2/2023

All income brackets now living paycheck to paycheck: Study

Inflation and rising interest rates have forced a majority of Americans, across all income brackets, to live paycheck to paycheck, with lower-income individuals being the hardest hit, according to a survey from Lending Club Bank.

9/15/2023

High-Earning Americans Increasingly Living Paycheck to Paycheck Despite Six-Figure Salaries

Almost a third of Americans earning $150,000 a year or more are living paycheck to paycheck and relying on credit cards to cover expenses, indicating an economic divide that is widening among Americans.

9/16/2023

Gen Z Saves More and Invests Differently Than Older Generations

Approximately 75% of American workers earning up to $50,000 live paycheck to paycheck, while credit card debt has exceeded $1 trillion, making it difficult for those with debt to save; Gen Z saves more money than older generations due to their experience of the Great Recession, lack of trust in Social Security, and inclination to invest in cryptocurrency.

9/18/2023

More Americans Live Paycheck to Paycheck, Seeking Earlier Access to Wages Despite Fees

Almost 80% of Americans are living paycheck to paycheck and would struggle to meet their financial obligations if their paychecks were delayed by a week, according to a survey by PayrollOrg.

10/6/2023

High Salaries Not Enough: Nearly Half of Americans Earning Over $150K Live Paycheck to Paycheck

A significant percentage of high earners, including those making over $150,000 annually, are living paycheck to paycheck and struggling to make ends meet, often resorting to credit cards to fill the gaps, due to factors such as high cost of living, debt obligations, societal pressures, and lack of financial literacy.

10/15/2023

Living Paycheck to Paycheck: The Financial Insecurity Plaguing Even High Earners

Despite making more than $100,000, many Americans still struggle with financial hardships, highlighting the prevalence of living paycheck to paycheck.

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Posted 9/27/2023, 11:31:00 PM