Almost 50% of All High-Income Earners Live Paycheck to Paycheck, New Report Says
“While low-income consumers struggle the most to make ends meet, even high-income consumers are feeling the effects of inflation. As of February 2023, 62% of U.S. consumers live paycheck to paycheck, a new report found. A new analysis released through a PYMNTS and LendingClub collaboration looked at how U.S. consumers are turning to alternative sources of income to supplement what they receive from their regular job. The report, ‘New Reality Check: The Paycheck-to-Paycheck Report,’ found that 48% of high-income earners, or those making over $100,000 per year, lived paycheck to paycheck in February 2023. This is up from 47% the same time last year.”