58% of Americans are living paycheck to paycheck after inflation spike

Inflation has more than half of U.S. households living paycheck-to-paycheck, according to a new report. A study by LendingClub says 58% of Americans live paycheck-to-paycheck - that's more than 150 million adults.

It's not limited to low-income households - the study found that 30% of those earning $250,000 or more are also going week-to-week.

Many are using credit cards to stay on top of expenses - credit card balances reached $841 billion in the first three months of 2022.


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