The Credit Card Use Deep Dive Edition

Nearly Two Thirds of Struggling Consumers Revolve Credit Card Balances

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

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    LendingClub The Paycheck-to-Paycheck Report Series

    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 Debt and Credit Deep Dive 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