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Number of Americans Living Paycheck to Paycheck Jumps 7 Percentage Points, Report Shows

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Number of Americans Living Paycheck to Paycheck Jumps 7 Percentage Points, Report Shows
The U.S. Department of Labor Building in Wash., on March 26, 2020. Alex Edelman/AFP via Getty Images
The Center Square
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A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found.

PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and seniors are living paycheck to paycheck.

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