LendingClub - New Reality Check: The Paycheck-To-Paycheck Report: The Emergency Spending Edition - August/September 2022 - Discover more about how emergency expenses impact paycheck-to-paycheck consumers

New Reality Check: The Paycheck-To-Paycheck Report: The Emergency Spending Edition

NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates 

PYMNTS survey of 4,006 U.S. consumers for the latest “New Reality Check: The Paycheck-To-Paycheck Report,” a collaboration with LendingClub, found that 46% of respondents faced an emergency expense in the last 90 days that averaged approximately $1,400, a sum that far exceeds the Fed’s oft-cited $400 benchmark for these unplanned and disruptive costs.

Inside the August/September Report

  • 30%: Share of consumers earning more than $200,000 who live paycheck to paycheck
  • 42%: Share of consumers living paycheck to paycheck who paid more than $400 per each emergency expense
  • 30%: Share of consumers who had to pay an emergency expense for car repairs

    By completing this form, you agree to receive marketing communications from PYMNTS and consent to the sharing of your information with our sponsors, where applicable, in accordance with our Privacy Policy and Terms and Conditions. Sponsors may use this information to contact you directly. You may update your preferences or withdraw your consent at any time.

    to our daily newsletter, PYMNTS Today.

    New Reality Check: The Paycheck-to-Paycheck Report