High Salaries, Low Savings: The Shocking Truth About Americans’ Paycheck-to-Paycheck Living.

Published: Thu, 03/02/23

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A Lending Club Study reveals:

28%: Share of consumers earning more than $200,000 who live paycheck to paycheck
59%: Share of paycheck-to-paycheck consumers with issues paying their monthly bills that noted significant rises in prices for utilities in the past 12 months
48%: Share of consumers living paycheck to paycheck with issues paying bills who pay for health insurance

45% of individuals earning more than $100,000 per year lived paycheck to paycheck.

56% of USA consumers don’t have access to $400 when faced with a sudden emergency!

Demand for credit continues unabated! [Other than housing because potential home sellers don’t want to give up their <3% mortgage interest rates!]

“Being a money lender is like being a genie, except instead of three wishes, I give people the power to buy things they don’t need with money they don’t have.” TheBusinessOflending.com

The Study also highlights that individuals in the lower range of the upper-income bracket are particularly at risk of facing paycheck-to-paycheck living. A staggering 54% of consumers earning between $100,000 and $150,000 annually, more than double the median personal income in the U.S., are living paycheck to paycheck. This figure represents a 7 percentage-point increase from July 2022.

The Study’s results indicate that... Continue Reading

Jer - 702-208-6736 Cell
Jer@theBusinessOfLending.com
https://theBusinessOflending.com
Trihouse Consulting: Lenders, Teachers, Resources, Knowledge, Connections, Introductions

Jer - 702-208-6736 Cell
TrihouseConsulting@gmail.com
https://theBusinessOflending.com

Trihouse Consulting: Lenders, Teachers, Resources, Knowledge, Connections, Introductions

27068 La Paz Rd
#113
Aliso Viejo CA 92656
USA

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