A survey from LendingClub, a financial service, revealed 47% of Americans making $100,000 per year lived paycheck-to-paycheck throughout November. 66% of Americans making between $50,000-$100,000 lived paycheck-to-paycheck, with 76% earning less than $50,000 also living per paycheck.
From The Daily Caller:
“As average savings have stagnated, if not decreased, for many consumers, setting financial goals for the new year is increasingly challenging,” the LendingClub report reads. “This is especially true for paycheck-to-paycheck consumers, with those with issues paying their monthly bills having the most difficulty setting both long-term and short-term objectives.” Roughly 57% of those living paycheck-to-paycheck reported issues saving for long-term financial goals due to inflation, LendingClub reported. Nearly 42% of those earning more than $200,000 reported inflation affecting their ability to hit long term savings goals, compared to just over 55% of those earning less than $50,000.
