58% of Americans are living paycheck to paycheck after inflation spike

[Race Jones]

58% of Americans are living paycheck to paycheck after inflation spike — including 30% of those earning $250,000 or more

As the prices for goods keep climbing, even wealthier Americans are feeling financially strained.

www.cnbc.com

58% of Americans are living paycheck to paycheck after inflation spike — including 30% of those earning $250,000 or more

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet.

As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April but up from 54% in May 2021.


Even top earners say they are stretched thin, the report found. Of those earning $250,000 or more, 30% are living paycheck to paycheck. (Another recent survey, from consulting firm Willis Towers Watson, estimated 36% of those earning $100,000 or more are living paycheck to paycheck.)

“Consumers have experienced a tough last couple of years as different factors have affected their financial lifestyle, and there seems to be little relief in sight,” said Anuj Nayar, LendingClub’s financial health officer.

 

[Dwayne]

“including 30% of those earning $250,000 or more”

That’s a personal problem for these folks and I don’t feel bad at all for this group.

 

[Revolver Ocelot]

“including 30% of those earning $250,000 or more”

That’s a personal problem for these folks and I don’t feel bad at all for this group.

Nigga! You beat me to it.

I don't give a single fuck if somebody is pulling 20k or more a month is now supposedly living paycheck to paycheck.

All that means is they were living beyond their means to began with.

 

[Ccslim]

“including 30% of those earning $250,000 or more”

That’s a personal problem for these folks and I don’t feel bad at all for this group.

These people most likely live in San Fran or Silicon Valley where they are priced out of the city.

 

[mike030270]

Cost of living can make a lot look like a little

 

[Los216]

Cost of living can make a lot look like a little

There is nowhere in America where $250K a year is not enough to live off of. Nowhere.

 

[Dwayne]

These people most likely live in San Fran or Silicon Valley where they are priced out of the city.

making 250K a year you can afford 10K rent.

 

[ZMaKEa]

You need to make a quarter million a year at least to live comfortably in America.

 

[Dwayne]

You need to make a quarter million a year at least to live comfortably in America.

where you getting this from?

 

[WilberDMillz]

@Big Lurko

 

[Chicity]

Why is this news worthy?

 

[mike030270]

There is nowhere in America where $250K a year is not enough to live off of. Nowhere.

Places Where You Can Earn Six Figures and Still Be Broke in 2019

A salary of $100,000 may sound like a lot of money. But our study reveals where $100,000 won't go far. We also highlight where your money will go further.

www.magnifymoney.com

 

[WilberDMillz]

Places Where You Can Earn Six Figures and Still Be Broke in 2019

A salary of $100,000 may sound like a lot of money. But our study reveals where $100,000 won't go far. We also highlight where your money will go further.

www.magnifymoney.com

This article is specific to $100k, not $250k.

 

[mike030270]

This article is specific to $100k, not $250k.

True but it is 6 figures

 

[Dwayne]

True but it is 6 figures

It’s a huge difference from 100k and 250K

 

[mike030270]

It’s a huge difference from 100k and 250K

Lol I bow out. I don't care enough to search for specifically 250k

 

[Sony Montana]

Let’s see how y’all stretch this thread out…

 

[Blue_London]

Entire world right now sadly

 

[BountyHunterRo]

Why is this news worthy?

Lol you know why

 

[AP2.5]

Let’s see how y’all stretch this thread out…

Why you here man