62% of Americans are still living paycheck to paycheck, making it ‘the main financial lifestyle,’ report finds
Publishing timestamp: 2023-10-31 09:09:38
Summary
The article discusses how the number of Americans living paycheck to paycheck remains unchanged, with high inflation and interest rates weighing on households. It mentions that the Federal Reserve is expected to leave rates unchanged despite concerns about inflation. The resumption of student loan payments and lack of savings contribute to financial stress. However, it also notes that some high-income households are benefiting from better interest payments in high-yield savings accounts.
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Keywords: personal saving, jerome powell, personal budgeting, economic events, interest rates, u.s. economy, wages and salaries, united states, inflation, personal finance, prices, credit cards, retirement planning, business news, personnel, lendingclub corp, personal loans, investment strategy,