The Debt and Credit Deep Dive Edition

27% of US Consumers Pulled Money From Savings to Manage Credit Card Debt

A new study of 4,163 U.S. consumers found that credit card debt is also forcing 84% of those living paycheck to paycheck and seven in ten cardholders to change daily behaviors to pay down debt — and we know what’s getting cut. Read “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, to find out.

Inside the February Report
  • 45%: Share of high-income consumers living paycheck to paycheck as of January 2023
  • 72%: Share of paycheck-to-paycheck consumers without issues paying bills who made holiday or year-end purchases with a credit card
  • 42%: Share of paycheck-to-paycheck consumers living without difficulty who cut back on everyday perks to better manage their credit card debt in the last year

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    LendingClub The Paycheck-to-Paycheck Report Series

    The Credit Card Use Deep Dive Edition
    The Holiday Shopping Deep Dive Edition
    The Savings Deep Dive Edition
    The Seasonal Financial Distress Deep Dive Edition
    The Nonessential Spending Deep Dive Edition
    Household Finances Deep Dive Edition
    The Emergency Spending Deep Dive Edition
    The Regional Divide Edition
    The Generational Deep Dive Edition
    The Supplemental Income Edition
    The Economic Outlook and Sentiment Edition
    New Reality Check: The Paycheck-To-Paycheck Report: 2022 Year In Review
    New Reality Check: The Paycheck-To-Paycheck Report: The Financial Goals Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Holiday Shopping Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Employment Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Inflation Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Emergency Spending Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Consumer Savings Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Financial Distress Factors Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The High Earners Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Credit Edition
    New Reality Check: The Paycheck-To-Paycheck Report: The Regional Divide
    New Reality Check: The Paycheck-To-Paycheck Report
    New Reality Check: The Paycheck-To-Paycheck Report
    Reality Check: The Paycheck-To-Paycheck Report
    Reality Check: The Paycheck-To-Paycheck Report
    Reality Check: The Paycheck-To-Paycheck Report
    Reality Check: The Paycheck-To-Paycheck Report
    Reality Check: Paycheck-to-Paycheck