A new study finds that consumers who live from paycheck to paycheck are more likely to revolve credit card debt.
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
3x: Likelihood that consumers who live paycheck to paycheck will revolve credit card debt and carry higher monthly balances
