One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck

Among all consumers surveyed, 61.3% reported living paycheck-to-paycheck in April, a 9 percentage-point increase from a year earlier, LendingClub said in its report.

To finance their lifestyles, higher-income households are more likely to put expenses on credit cards — but also more likely to be able to pay off their balance in full. US consumer borrowing soared in March by the most on record as credit-card balances ballooned and non-revolving credit jumped, highlighting the combined impact of solid spending and rising prices.

www.msn.com/en-us/money/other/one-third-of-americans-making-250-000-live-paycheck-to-paycheck-survey-finds/ar-AAXXFaj

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