LendingClub - New Reality Check: The Paycheck-To-Paycheck Report: The Consumer Savings Edition - August 2022 - Learn more about how rising inflation rates have curbed consumers' ability to save

New Reality Check: The Paycheck-To-Paycheck Report: The Consumer Savings Edition

Inflation Bites as 13% of US Consumers Spent More Than They Earned in Last Six Months

The findings in PYMNTS latest edition of “New Reality Check: The Paycheck-To-Paycheck Report,” a collaboration with LendingClub, which surveyed 3,583 U.S. consumers to gauge how inflation and volatile markets were impacting consumers, revealed that 13% of households had spent more than they earned in the past six months.

Inside the August Report

  • 36%: Share of consumers annually earning $200,000 or more who lived paycheck to paycheck in June
  • 70%: Average share of money paycheck-to-paycheck consumers keep in banks, digital wallets or cash
  • 40%: Share of paycheck-to-paycheck consumers with issues paying their bills who have spent more than they earned in the past six months

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    New Reality Check: The Paycheck-to-Paycheck Report