Reality Check: The Paycheck-To-Paycheck Report: Rising Inflation Threatens the Post-Pandemic Recovery

With Inflation On The Rise, Paycheck-To-Paycheck Consumers See Loans As Financial Lifeline

Reality Check: The Paycheck-To-Paycheck Report: Rising Inflation Threatens the Post-Pandemic Recovery

Eighty-two percent of U.S. consumers are worried about rising costs, and this fear is especially palpable for the millions of American households that are living paycheck to paycheck. PYMNTS’ Reality Check: The Paycheck-To-Paycheck Report, a LendingClub collaboration, examines how rising inflation could threaten the nation’s economic recovery unless consumers have ready access to short-term loans and other financial tools to give them a hand.

Inside the December Report

  • 46%: Portion of struggling paycheck-to-paycheck consumers who are pessimistic about the economy
  • 81%: Share of consumers who say they are highly concerned about inflation
  • 14%: Segment of consumers who say they have recovered financially after suffering setbacks at the pandemic’s start

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