1/3 Making $250k Are Living Paycheck to Paycheck

About 36 percent of Americans earning at least $250,000 a year claim that they are living paycheck to paycheck, a sign on how rising inflation is hitting households at all ends of the spectrum throughout the country, according to two surveys quoted by Bloomberg.Individuals earning $250,000, who are among the top 5 percent of income earners, according to the U.S. Census Bureau, are spending most of their income on household expenses, according to the surveys by Pymnts.com and LendingClub.
Americans across all income brackets are currently facing the highest inflation rates since the early 1980s, which is hitting essential items like food and energy and is affecting lower income earners harder.
Bloomberg said that consumer borrowing in March soared to one of the highest on record, as credit card balances and non-revolving credit skyrocketed, a sign of increased consumer spending amid rising prices.
Only 10 to 12 percent of respondents earning over $100,000 who said they were living paycheck to paycheck had issues paying their bills, with the majority reporting that they were still comfortable.
LendingClub said that 48 percent of those earning at least $100,000 are beginning to struggle, an incre …

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