Bloomberg: One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds (June 1, 2022)

Alexandre Tanzi, of Bloomberg News, has published an article, “One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds”, which discusses the impact of inflation on Americans’ budget. The article begins as follows:

More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.

Some 36% of households taking in nearly four times the median US salary devote nearly all of their income to household expenses, according to a survey by industry publication Pymnts.com and LendingClub Corp.

It’s particularly true among millennials, who are now in their mid-20s to early 40s: More than half of top earners in that generation report having little left at the end of the month.

To see the full article, click: “One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds”

Posted by Marin Larkin, Associate Editor, Wealth Strategies Journal.

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