As rising inflation continues to wreak havoc on the U.S. economy, a new study by LendingClub Corp (NYSE:LC) has determined nearly two-thirds of Americans are now living a paycheck-to-paycheck existence.
What Happened: According to the ninth edition of the "Reality Check: Paycheck-To-Paycheck" research series conducted by LendingClub in partnership with PYMNTS.com, 64% of the U.S. population, or about 166 million adults, were in a paycheck-to-paycheck situation as of March. And this dilemma spans all income brackets and credit worthiness levels — indeed, the study found one-quarter of Americans living paycheck-to-paycheck have credit scores above the FICO average of 750.
