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Economy

“Two-thirds of Americans live paycheck to paycheck as inflation continues to climb”

“Inflation is showing no signs of slowing down, making it harder for workers to make ends meet.

The Consumer Price Index increased 8.3% from a year ago, higher than the 8.1% estimate, according to the U.S. Bureau of Statistics…

Food prices are up at the fastest pace in more than 41 years and the shelter index, which makes up about one-third of the CPI weighting, was up 5.1% on a yearly basis, its fastest gain since March 1991…

As of March, close to two-thirds, or 64%, of the U.S. population was living paycheck to paycheck, just shy of the high of 65% in 2020, according to a LendingClub report…”

https://www.cnbc.com/2022/05/11/two-thirds-of-americans-live-paycheck-to-paycheck-as-inflation-climbs.html

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