Poll: One-Third of Americans Making $250K ‘Live Paycheck-To-Paycheck’
More than 33 percent of Americans who earn $250,000 a year report living paycheck to paycheck, “underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum,” Bloomberg reported on Wednesday.
Industry publication Pymnts.com and LendingClub Corp. conducted a survey from April 6-13 with about 4,000 US consumers, finding that roughly 36 percent of households bringing in $250,000-plus annually spend most of their income on household expenses.
“It’s particularly true among millennials, who are now in their mid-20s to early 40s: More than half of top earners in that generation report having little left at the end of the month,” according to the report.
The survey revealed that 55.4 percent of Millennials who earn $250,000-plus a year reported living paycheck to paycheck compared to 21.8 percent of Boomer generation respondents in the same earnings category. (Read more from “Poll: One-Third of Americans Making $250K ‘Live Paycheck-To-Paycheck’” HERE)
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