Tarquinius
Disregard my larping efforts. I can't change it.
★★★★
- Joined
- Dec 29, 2022
- Posts
- 3,325
64% of Americans are living paycheck to paycheck — here's how to keep your budget in check
Rising costs took a toll on household budgets across the board in 2022. These moves can keep your finances in check going forward.
www.cnbc.com
KEY POINTS
- As the cost of living surged in 2022, the number of Americans living paycheck to paycheck jumped to 64% as of December, according to a recent report.
- Compared with 2021, 9.3 million more Americans said they are stretched too thin.
- A few key money moves can keep your budget in check going forward.
As of December, 64% of Americans were living paycheck to paycheck, according to a recent LendingClub report — up from 61% a year earlier and in line with the historic high first hit in March 2020.
For the first time, more than half of all six-figure earners also said they were stretched too thin, a jump from 42% a year ago.
“The effects of inflation are eating into every American’s wallet and as the Fed’s efforts to curb inflation drive up the cost of debt, we are seeing near record numbers of Americans living paycheck to paycheck,” said Anuj Nayar, LendingClub’s financial health officer.