63% of Americans are living paycheck to paycheck — including nearly half of six-figure earners

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As rising prices proceed to outpace wage gains, families are uncovering little cushion successful their monthly budget.

As of September, 63% of Americans were surviving paycheck to paycheck, according to a caller LendingClub report — adjacent the 64% historical precocious deed successful March. A twelvemonth ago, the fig of adults who felt strained was person to 57%.

"Consumers are not capable to support up with the gait that ostentation is increasing," said Anuj Nayar, LendingClub's fiscal wellness officer.

"Being employed is nary longer capable for the mundane American," Nayar said. "Wage maturation has been inadequate, leaving much consumers than ever with small to thing near implicit aft managing monthly expenses."

Inflation has steadily caused real wages to decline.

The consumer terms index, which measures the mean alteration successful prices for user goods and services, was up 8.2% twelvemonth implicit twelvemonth successful the latest reading, inactive hovering adjacent the highest levels since the aboriginal 1980s.

Real mean hourly net fell 0.1% for the period and are down 3% from a twelvemonth ago, according to the Bureau of Labor Statistics.

A abstracted study by Salary Finance recovered that two-thirds of moving adults said they are worse disconnected financially than they were a twelvemonth ago.

Even high-income earners are stretched excessively thin, LendingClub said. Of those earning much than six figures, 49% reported surviving paycheck to paycheck, a leap from the erstwhile year's 38%.

As a result, galore Americans person dipped into their currency reserves oregon gone into debt.