More Than 60% of Americans , Are Living Paycheck to Paycheck, Amid Recession Fears.<br />Business Insider reports that rising inflation <br />has impacted consumers across the <br />United States' income spectrum.<br />According to a new report from PYMNTS.com and LendingClub, nearly two-thirds of the U.S. are currently living paycheck to paycheck.<br />According to a new report from PYMNTS.com and LendingClub, nearly two-thirds of the U.S. are currently living paycheck to paycheck.<br />That amounts to <br />about 157 million adults. .<br />That number <br />is up 9% from 52% in April of last year<br />to 61% during the same time this year. .<br />Business Insider reports that it is part <br />of an upward trend as the <br />cost of living outpaces wage growth.<br />36% of those making less than $50,000 <br />annually are living paycheck to paycheck <br />and have issues paying bills.<br />The news comes amid fears of a recession<br />as consumers are already tapping into <br />savings to make ends meet.<br />According to PayPal CEO Dan Schulman, <br />at the current rate of inflation, consumers' <br />savings could run out by the end of the year. .<br />According to PayPal CEO Dan Schulman, <br />at the current rate of inflation, consumers' <br />savings could run out by the end of the year. .<br />Meanwhile, JPMorgan Chase CEO Jamie Dimon suggests that consumers in the U.S. have about six to nine months of spending power remaining in their bank accounts.<br />Meanwhile, JPMorgan Chase CEO Jamie Dimon suggests that consumers in the U.S. have about six to nine months of spending power remaining in their bank accounts.<br />PayPal's Schulman also points to reduced spending <br />among lower-income households which<br />is now impacting middle-income households.
