With high inflation and rising interest rates on consumer debt, an increasing percentage of workers considered to be high-income earners now say they live paycheck to paycheck.
According to a recent survey by the banking firm LendingClub and the payments news website PYMNTS, 64% of a representative sample of nearly 4,000 U.S. consumers now say they are just getting by. That's an increase from 61% the previous year.
Among the new cohort of people who say they are newly living paycheck to paycheck, 86% pull in more than $100,000 annually, the survey found. Given that the median household income in the U.S. is $70,784, the survey shows the soaring cost of living in America is catching up to even more well-off U.S. residents.
According to a recent survey by the banking firm LendingClub and the payments news website PYMNTS, 64% of a representative sample of nearly 4,000 U.S. consumers now say they are just getting by. That's an increase from 61% the previous year.
Among the new cohort of people who say they are newly living paycheck to paycheck, 86% pull in more than $100,000 annually, the survey found. Given that the median household income in the U.S. is $70,784, the survey shows the soaring cost of living in America is catching up to even more well-off U.S. residents.
