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.