Photo by Pictures of Money via Flickr
Bidenflation is hitting Americans across the board, according to a new study.
On Monday, CNBC reported that recent data from LendingClub indicates that in June 2022, 61% of all Americans are living paycheck-to-paycheck — including 36% of those earning more than $200,000. That figure is up from 55% from the year before for all Americans.
“What a difference a year makes. Last summer we were all worried about how quickly the economy would recover,” Anuj Nayar, LendingClub’s Financial Health Officer, said in a press release issued Monday. “Now, as inflation continues its upwards swing, consumers are finding it more difficult to manage spending and are eating into their savings as financial pressures mount.”
Nayar predicted that Americans would soon have difficulties handling unexpected costs.
Read more at The Daily Wire
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