As the prices for goods keep climbing, even wealthier Americans are feeling financially strained.
With inflation still near 40-year highs, more than half of all Americans are living paycheck to paycheck, according to one report.
Consumers who are struggling to afford their day-to-day lifestyle tend to rely more on credit cards and carry higher monthly balances making them financially vulnerable., 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
. That's down slightly from 61% who reported living paycheck to paycheck in April, but up from 54% in May 2021.
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