LendingClub - New Reality Check: The Paycheck-To-Paycheck Report: The Inflation Edition - September 2022 - Learn how rising inflation impacts paycheck-to-paycheck consumers

New Reality Check: The Paycheck-To-Paycheck Report: The Inflation Edition

New Study: 60% of US Consumers Have Cut Spending Due to Inflation 

For “New Reality Check: The Paycheck-To-Paycheck Report,” a collaboration with LendingClub, PYMNTS surveyed 3,495 US consumers to explore how inflation has impacted consumer spending. Among our findings: 55% have limited spending capacity, 49% have shifted their shopping preferences, and 66% of those living paycheck to paycheck have cut spending, with notable differences reported among rural and urban consumers.

Inside the September Report

  • 28%: Share of consumers earning more than $200,000 who live paycheck to paycheck
  • 59%: Share of paycheck-to-paycheck consumers with issues paying their monthly bills that noted significant rises in prices for utilities in the past 12 months
  • 48%: Share of consumers living paycheck to paycheck with issues paying bills who pay for health insurance

    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