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The Number of American Workers Now Living Paycheck to Paycheck Is Just Depressing

Amid record-high inflation, 1 in 5 American workers are now living paycheck to paycheck, a new survey has revealed.


These are the kinds of figures you just can’t spin.


According to Salary Finance’s 2022 Annual Report, the number of employees, 20%, who regularly run out of money between paychecks is up 5% since last year.

What’s causing the squeeze? Inflation hit a four-decade-high of 7.9% in February, according to data from the Bureau of Labor Statistics.

  • This means consumers are paying higher prices for a whole host of goods, which range from grocery store items to electricity.
  • And while wages are increasing, the pay bumps aren’t keeping pace with the rising cost of living.
  • Higher costs have American workers feeling the pressure: Salary Finance’s survey found that nearly half, 45%, reported feeling financially stressed.

Inflation is hitting lower-income earners the hardest: 84% of respondents making less than $55,000 told Salary Finance the rising price of consumer goods was impacting them, compared to 76% of the general population.


The state of the economy is already exacting political costs on the party and president in power, despite some experts’ claims that “inflation is good, actually.”

  • An NBC News poll released Sunday found that most Americans, 68%, believe reducing inflation and improving the economy should be President Biden’s top priority.
  • A plurality, 38%, blame Biden for spiking inflation.

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