The number of Americans living paycheck to paycheck is climbing, despite rising wages.
Highlights
- The cost of living is growing at the fastest annual pace in about four decades.
- At the start of 2022, 64% of the U.S.
- population was living paycheck to paycheck, up from 61% in December.
- Even among those earning six figures, 48% said they are now living paycheck-to-paycheck.
- When wages rise at a slower pace than inflation, those paychecks won’t go as far at the grocery store and at the gas pump.
- The number of Americans who are struggling to make ends meet is climbing, according to a LendingClub report.