Posted 3/12/2024, 5:14:00 PM
Debt and Inflation Keep Majority Living Paycheck to Paycheck While Higher Earners See Brighter Financial Outlook
- About 60% of consumers live paycheck-to-paycheck, largely due to debt and inflation
- Higher-income earners became more optimistic about their finances in 2023
- Lower-income earners aren't as optimistic, with only 32% feeling positive
- Credit card debt balances reached $1.13 trillion in Q4 2022
- Delinquency rates rose in 2023, signaling increased financial stress
