Why Do 6-Figure Wage Earning Americans Live Paycheck To Paycheck?

Posted on AllSides October 7th, 2022
From The Center

Low-income Americans are no longer the only ones living paycheck to paycheck. High-income earners have a hard time balancing the family books, too.

According to a recent LendingClub report, as of August, 45% of Americans who make six figures are living paycheck to paycheck, up from 38% a year ago.

That's a shocking finding for two reasons. One, America is among the world's most affluent economies. Thus, one would expect people to afford to save money rather than barely getting by with what they earn. And two, living paycheck to paycheck...

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