Today in Data: Living Paycheck to Paycheck Means Revolving Credit Debt

By  |  May 3, 2022
 | 
credit card debts

A new study finds that consumers who live from paycheck to paycheck are more likely to revolve credit card debt.

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    Today in Data chart

    Data

    $3.2 billion: LendingClub’s new loan originations, up 5% from the most recent quarter

    64%: Portion of consumers living paycheck to paycheck in March, up 2% from February

    11%: Share of consumers who use lease-to-own financing

    4 in 10: Number of consumers who avoid credit cards because they worry about overspending

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    3x: Likelihood that consumers who live paycheck to paycheck will revolve credit card debt and carry higher monthly balances


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