60% of Americans are living paycheck to paycheck heading into the holidays, report finds
Publishing timestamp: 2023-11-20 08:50:25
Summary
A LendingClub report reveals that 60% of adults are living paycheck to paycheck, but consumers still plan to overspend during the holidays. Despite inflation and financial stress, holiday spending is expected to increase, with many consumers taking on more debt. The article emphasizes the need for mindful spending and a value-based budget approach.
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Keywords: personal saving, personal loans, personal finance, jerome powell, u.s. economy, interest rates, lendingclub corp, personal budgeting, united states, retirement planning, wages and salaries, prices, investment strategy, inflation, credit cards, economic events, personnel, business news,