Real disposable income falling dramatically even as household debt service as a percent of disposable income is rising. (Federal Reserve Economic data, St. Louis Fed / Chart: Jeffrey A. Tucker) Persistent inflation is forcing more and more Americans to live paycheck to paycheck, according to a new report from the Lending Club.
The report, a collaboration between LendingClub and financial news and analysis platform PYMNTS, is based on data from a survey of 3,495 U.S. consumers conducted between Aug. 10 and Aug. 29, 2022.
It found that three in five U.S. consumers were living paycheck to paycheck in August, with nearly […]
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