Cover for the PYMNTS and LendingClub May 2023 “New Reality Check: The Paycheck-to-Paycheck Report - The Regional Divide Edition”

The Regional Divide Edition

7 in 10 Urban Consumers Live Paycheck to Paycheck

Here’s a reality check: 69% of urbanites live paycheck to paycheck — just 63% of rural and 55% of suburban consumers say the same. PYMNTS’ latest survey of 3,652 consumers, “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, details why and the regional differences in how consumers make their finances work.

Inside the May Report

  • 82%: Portion of urban consumers who have outstanding credit card balances
  • 64%: Share of paycheck-to-paycheck consumers living in the Western U.S. in April 2023
  • 23%: Portion of Northeastern urban dwellers who cite dependent relatives as the most important reason why they live paycheck to paycheck, significantly more than any other region

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    New Reality Check: The Paycheck-to-Paycheck Report