Just over 47% of Americans earning more than $100,000 were living paycheck to paycheck as of November, spiking 4% from October, according to a survey by financial services firm LendingClub.
Overall, nearly 63% of Americans lived paycheck to paycheck in November, jumping from just over 60% in October, approaching the yearly high of nearly 64.5% set in March, according to LendingClub. Nearly 66% of those who earned between $50,000 and $100,000 were living paycheck-to-paycheck last month, compared to 76% of those who earned less than $50,000.
As inflation continues to batter consumers, the number of Americans living paycheck to paycheck climbed to 60% in August, according to a Friday report from financial services company LendingClub.
The increase, up from 57% in September 2021, was driven primarily by a greater portion of six figure earners slipping into a paycheck-to-paycheck lifestyle, according to the LendingClub report. While the proportion of those earning less than $50,000 and those between $50,000 and $100,000 living paycheck to paycheck stayed roughly the same, at 73.6% and 62.4% respectively, earners between $100,000 and $150,000 saw a more than 6.5% increase to 43.8% living paycheck-to-paycheck.