61 percent of Americans now live paycheck to paycheck

15 minutes

•  Even 42 percent of those earning more than $100,000 annually now live paycheck to paycheck

•  “Unfortunately, this is not a good news podcast”

(Total Recorded Time is 20:55)

Living paycheck to paycheck is no longer just a problem for low-income Americans.  Nor is it a problem that just pops up during recessions.

Living on the edge of the financial cliff is a daily experience for six out of ten Americans.  And it’s a problem that crosses all income levels.

These grim statistics are found in an ongoing study by the San Francisco-based online bank LendingClub.

To find out more, we talk in this Bizgnus Podcast with LendingClub Financial Health Officer NIGH YAR Anuj Nayar.

“Unfortunately, this is not a good news podcast,” Mr. Nayar cautions.

To watch the Bizgnus interview, please click here:


The problem is so widespread, even 42 percent of U.S. consumers earning more than $100,000 annually now live paycheck to paycheck.

The only comparative good news is that the share of consumers living paycheck to paycheck remains below a high of 65 percent seen in December 2020. That figure was 54 percent in May 2021 and has been rising since then, hitting 61 percent in December 2021.

Seventy-seven percent of consumers who reported earning less than $50,000 per year lived paycheck to paycheck last December, up from 72 percent in May 2021. Meanwhile, 66 percent of those who reported earning between $50,000 and $100,000 now live paycheck to paycheck — a 13 percentage point increase from May 2021.

“With more than three in five Americans now living paycheck to paycheck, this reality is impacting every income bracket across every generation – a trend which we've only seen increase since May 2021,” says Mr. Nayar.

The report is based on a census-balanced survey of 3,070 U.S. consumers conducted from Dec. 2, 2021, to Dec. 14, 2021, as well as an analysis of other economic data, according to LendingClub Corporation (NYSE: LC), the parent company of LendingClub Bank.



Bizgnus reports, writes, edits and publishes business news in online, broadcast and printed publications.

We have published unbiased, unfiltered and in-depth interviews with business and other thought leaders since 2005.

Opinions are those of our guests. Bizgnus never endorses the viewpoints, products or services of its guests, who are selected based on their knowledge and experience.

No one pays to get on our podcasts. And we don't accept advertising (although Google/YouTube sells ads on our videos.)

We'd appreciate your financial support through Patreon.  If you’d like to help, please click here: https://www.patreon.com/user?u=56957587

Our address is 150 Herons Run, #104, Sarasota, Florida 34232.  Call us anytime at 209.470.3400. Our email address is editor@bizgnus.com

More episodes from The Bizgnus Podcast

Warning! Recession ahead, warns economist

•  Recession – or worse – ahead, warns economist

•  “There’s a good chance we’ll have a recession in 2023”

(Total Recorded Time is 25:02)

The nation’s economy, if not the world economy, is …

The poetry of following your passion

•  Marine Corps veteran turned author says quantum mechanics points to an inner god

•  “I’ve come around to this idea we all have a god inside us”

(TRT is 24:15)

David Richards went from a …

Entrepreneur is working to heal America’s divisions

•  He taps ancient wisdom

•  “So I thought it was time to up end the way we are talking to each other”

(TRT is 20:56)

Elvir Causevic runs a boutique investment bank in San Francisco.  But …

Failure can be foundation for success

•  Business coach says even grief can help rebuild success

•  “I stumbled upon grief as many of us do”

(Total Recorded Time is 22:37)

Failure and grief can be turned into into personal, …

Passing your business to the children need not be a bloodbath

•  David Bentall went through one and has learned

•  “It was a very, very painful thing for our family”

(Total Recorded Time is 24:23)

Your children. …

Another secret to success as an author

•  New writers find it takes more than a turn of phrase

•  “It’s one thing that writers should learn early on”

(Total Recorded Time is 17:00)

New …

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Warning! Recession ahead, warns economist
Start listening to Warning! Recession ahead, warns economist