New Reality Check: The Paycheck-to-Paycheck Report: The Credit Card Use Deep Dive Edition

Nearly Two Thirds of Struggling Consumers Revolve Credit Card Balances

New Reality Check: The Paycheck-to-Paycheck Report: The Credit Card Use Deep Dive Edition

Although 43% of consumers at least occasionally revolve their credit card balances, 65% of struggling consumers do, representing a rise from 59% one year ago. PYMNTS Intelligence’s latest survey of 3,252 U.S. consumers, “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, explores how consumers are using credit as inflation continues to squeeze consumers.

Inside the December Report

  • 57%: Share of credit cards owned by consumers living paycheck to paycheck
  • 62%: Portion of consumers who lived paycheck to paycheck as of November 2023
  • 40%: Share of consumers living paycheck to paycheck with super-prime credit scores

    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