60% of Americans Are Living Paycheck to Paycheck, According to a New ReportA new survey is shedding light on just how much Americans are spending these days. Spoiler alert: It's a lot.

ByEmily Rella

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As inflation continues to soar and the holiday season rolls in, it's no secret that Americans are spending at a much higher rate.

In fact, a new survey is shedding light on just how much we're spending.

According to research fromLending Club, which surveyed 3,495 American consumers, a whopping 60% of Americans are living paycheck to paycheck as of October 2022, up nearly 4% from the year prior.

通货膨胀甚至影响高收入者的计谋ntry, with 28% of consumers surveyed who earn over $200,000 also saying that they are living paycheck to paycheck. What's more, 49% of all respondents said that they have had to shift their shopping preferences.

Related:Turkey Prices Could Hit Record Highs This Thanksgiving

Unfortunately, it doesn't appear that things will be reverting back to normal anytime soon — but there are signs that expenses may be slowing down.

Recent reports suggestwholesale pricesrose by 8% last month in a one-year period. While there was an increase, it's the smallest jump since July 2021, indicating better-than-predicted inflation rates.

Averagehourly wagesalso rose 0.4% in October month-over-month, though the unemployment rate rose by 3.7% in the same time period.

With holiday shopping season drawing closer, it remains to be seen how Americans' wallets will be impacted.

Wavy Line
Emily Rella

Entrepreneur Staff

Senior News Writer

Emily Rella is a Senior News Writer at Entrepreneur.com. Previously, she was an editor at Verizon Media. Her coverage spans features, business, lifestyle, tech, entertainment, and lifestyle. She is a 2015 graduate of Boston College and a Ridgefield, CT native. Find her on Twitter at @EmilyKRella.

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