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58% of Americans are living paycheck to paycheck after inflation spike — including 30% of those earning $250,000 or more

With inflation at 40-year highs, workers across all income levels are having a harder time making ends meet.

As of May, 58% of Americans — roughly 150 million adults — live paycheck to paycheck, according to a new LendingClub report. That’s down slightly from 61% who reported living paycheck to paycheck in April but up from 54% in May 2021.

Even top earners say they are stretched thin, the report found. Of those earning $250,000 or more, 30% are living paycheck to paycheck. (Another recent survey, from consulting firm Willis Towers Watson, estimated 36% of those earning $100,000 or more are living paycheck to paycheck.)

“Consumers have experienced a tough last couple of years as different factors have affected their financial lifestyle, and there seems to be little relief in sight,” said Anuj Nayar, LendingClub’s financial health officer.

More from Personal Finance:
4 ways to save money at the pump
Strategies to help pay off credit card debt as interest rates rise
What people expect to spend more on as inflation surges

With inflation, paychecks don’t stretch as far

Credit card balances contribute to financial vulnerability

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