At the end of 2022, more than half (64%) of Americans were living from paycheck to paycheck. About informs Bloomberg, Pymnts.com, and LendingClub Corp. citing a study by
At the end of 2022, 64% of Americans, or 166 million people, were living from paycheck to paycheck. Compared to the end of 2021, the growth was 3%, about 9 million people. At the same time, this happened due to the increase in the cost of living and the decrease in savings against the background of a discrepancy in the wage level.
According to the agency, the proportion of people living “from salary to salary” in high-paying jobs has also increased. For example, among those who received $100,000 a year, this figure rose from 11% at the end of 2021 to 16%.
January 27 Blogger from the USA removed Video showing how the prices of items in the Walmart supermarket have changed in 2020, 2022 and 2023. In 2020, the price of the grocery basket was $10.90. Then the blogger says that at the beginning of 2022 the same set of products cost him 11 dollars and 13 cents. And as early as 2023, he paid $15.10 for the same basket of food.
Prior to that, the United States Department of Labor said that inflation in the United States was slowing. Thus, according to the results of December 2022, it was 6.5 percent on an annual basis, which was 7.1 percent in November. According to the agency, in recent years the level was lower only in October 2021: at that time inflation was 6.2%.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.