Slightly fewer Americans report living paycheck to paycheck

The LendingClub's Reality Check: Paycheck-to-Paycheck research series ... Among high-income earners, those making $150,000 to $200,000, ... Trending Squirreloutage Melatonin 'TickettoParadise' Greenhousegases NorthKorea Medicaredental Ukraine Insulinprices Sleeping Fantasyfootball Advertisement U.S.News Aug.29,2022/1:16PM SlightlyfewerAmericansreportlivingpaychecktopaycheck ByClydeHughes Imageoffannedout$100bills.AccordingtotheLendingClubonMonday,morehigh-endearnerssaidtheyarelivingpaychecktopaycheckascomparedto2021.FilePhotobyJohnAngelillo/UPI|LicensePhoto Aug.29(UPI)--SlightlyfewerU.S.residentssaytheyarelivingpaychecktopaycheck,butmorehighearnersdescribedthemselvesinthatboat,accordingtoanewreportbyLendingClub,releasedMonday. TheLendingClub'sRealityCheck:Paycheck-to-Paycheckresearchseriesrevealedthat59%ofitsrespondentssaidinJulytheywerelivingpaychecktopaycheck,comparedto61%inJune.Thatisstillhigherthanthe54%whosaidtheywereinthesamepositionthistimein2021. Advertisement Amonghigh-incomeearners,thosemaking$150,000to$200,000,48%saidinJulytheywerelivingpaychecktopaycheck,up7percentagepointsfromlastmonthand13pointsmorethanMay2022. LendingClubsaiddatabyitsresearchersandPYMNTSfoundthatoverthelast90days,56%ofitsrespondentssaidtheyneedmorethan$400foremergencyexpenses.Theorganizationrespondentsputtheaverageemergencyexpenseat$1,400. RELATEDStocksplungeafterPowell'shawkishcommentsoninflation "Theneedtoupdatethe$400emergencyexpensebenchmarkisevidentinthisreport,"AnujNayar,LendingClub'sfinancialhealthofficer,saidinastatement."Inflationinthelastyear,letalonethelastdecade,hasmadeitmuchmoredifficultforconsumerstosavewhilestayingontopoftheirexpenses. Advertisement "Notonlyareconsumerssavinglesseverymonth,buttheyarelikelytoencounteranemergencyexpense,ifnotmultiple,puttingthematagreaterriskforincreasedfinancialhardship.Thisfactpavesafinanciallydifficultroadaheadforconsumers." Theresearchfoundthatoverthelast90days46%ofconsumerswereforcedtopayforatleastoneunexpectedexpense,withsometacklingmultipleemergencies. RELATEDAnotherkeygov'tinflationgaugeshowsthatpricescooledoffinJuly "Commonemergencyexpensesincludeeverythingfromcarrepairstohealth-relatedandhousingandrelocationexpenses,"LendingClubsaid."At30%,carrepairsarethemostcommonunexpectedexpense,andconsumerspaidanaverageof$1,008. "Thenext-mostcommonexpensesarehealth-related,with21%ofconsumersfacingatleastonehealth-relatedemergencyexpenseandspendinganaverageof$1,361.Housing-andrelocation-relatedexpenseshadthehighestaveragecostat$2,042,and19%ofconsumersfacedthistypeofexpense." RELATEDBidenunveils3-partplantoforgive$10,000instudentloandebtformillions Topics Business LatestHeadlines U.S.News//1hourago TrumpappearsfordepositioninE.JeanCarrolllawsuit Oct.19(UPI)--FormerPresidentDonaldTrumpappearedforadepositionathisMar-a-LagoresidenceWednesdayandansweredquestionsunderoathinadefamationlawsuitbroughtbycolumnistE.JeanCarroll. U.S.News//4hoursago CustomsandBorderProtectionofficershot,killedduringtrainingexercise Oct.19(UPI)--AU.S.CustomsandBorderProtectionofficerwasaccidentallyshotandkilledWednesdaywhileparticipatinginatrainingexerciseataFloridagunrange. U.S.News//5hoursago TwoFloridamedicalstudycoordinatorssentencedforfalsifyingclinicaltrialdata Oct.19(UPI)--TwoFloridamedicalstudycoordinatorsreceivedfederalprisonsentences,rangingfrom24monthsto40months,forfalsifyingclinicaltrialdataatMiami-basedTellusClinicalResearch. U.S.News//5hoursago AirForceinterceptstwoRussianjetsnearAlaska Oct.19(UPI)--TheUnitedStatessenttwofighterjetstointercepttwoRussianbombersflyingininternationalairspaceoffthecoastofAlaska,U.S.militaryofficialssaid. U.S.News//6hoursago Nestlerecallsready-to-bakestuffedchocolatechipcookiedough Oct.19(UPI)--NestleisvoluntarilyrecallingitsrefrigeratedTollHousestuffedchocolatechipcookiedoughwithfudgefillingbecausethedoughmaycontainwhitepiecesofplastic. U.S.News//6hoursago JudgeordersmoreEastmanemailsreleased Oct.19(UPI)--ACaliforniafederaljudgeorderedJohnEastman,aformerattorneyforPresidentDonaldTrump,toreleasemoreemailstoHouseinvestigators. U.S.News//7hoursago BrokenpipehasHawaiimilitaryfamiliesunderboilwateradvisory Oct.19(UPI)--AbrokenwatermaininHawaiiisbehindaboilwateradvisoryaffectingaround93,000peopleatJointBasePearlHarbor-Hickam,militaryauthoritieshaveconfirmed. U.S.News//7hoursago JusticeDepartmentaccuseshotelownersofdenyingroomstoNativeAmericans Oct.19(UPI)--TheownersofahotelandcasinoinSouthDakotaallegedlyviolatedthecivilrightsofNativeAmericansbydenyingthemaccesstotheirhotels,accordingtotheDepartmentofJustice. U.S.News//9hoursago Bidenadministrationannounces$2.8billionforEVbatteryprojectsin12states Oct.19(UPI)--TheWhiteHousesaidWednesdaythatPresidentBidenisawarding$2.8billioninEnergyDepartmentgrantsfromhisbipartisaninfrastructurelawto20manufacturingandprocessingcompaniesin12states. U.S.News//11hoursago FDAadvisorypanelrecommendsstoppingsaleofpretermbirthdrug Oct.19(UPI)--AnFDAadvisorypanelvoteWednesdayrecommendedtakingMakena,adrugforpreventingprematurebirths,offthemarketduetodoubtsaboutthedrug'seffectiveness.TheFDAwillmakethefinaldecision. Advertisement TrendingStories Inasurprise,globalgreenhousegasemissionsseemtobeonthedecline NorthKoreafiresartilleryin'warning'asSouth,U.S.holddrills VladimirPutindeclaresmartiallawin4Ukraineregions IRSlowerstaxrates,raisesstandarddeductionsfor2023,hopingtooffsetinflation Bidenadministrationannounces$2.8billionforEVbatteryprojectsin12states Advertisement FollowUs Advertisement