About 36 per cent of Americans earning an annual income of between $200,000 and $250,000 lived pay cheque to pay cheque in April as inflation in the world's largest economy remains at a 40-year high, according to a new survey by data provider PYMNTS.
Forty-two per cent of consumers earning more than $100,000 per year also reported living pay cheque to pay cheque in April — down from 49 per cent in March 2022 but an increase from 40 per cent in April last year, the survey, which polled 4,048 US consumers from April 6 to April 13, found.
“Approximately three-in-five US consumers devote nearly all of their salaries to expenses with little to nothing left over at the end of the month,” PYMNTS said.
“While costs everywhere are going up, more pandemic-related restrictions are lifting across the country, meaning that staying in and saving money may be harder than ever.”
Read More : https://www.thenationalnews.com/business/money/2022/06/04/majority-of-us-consumers-lived-from-one-pay-cheque-to-next-in-april-as-inflation-soared/
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