Unrelenting inflation is driving up prices, leaving extra People dwelling paycheck to paycheck. Inflation has been inflicting financial hardship for employees throughout all earnings ranges. As of June, 61% of People — roughly 157 million adults —lived paycheck to paycheck, in keeping with a brand new LendingClub report. That’s up from 58% who reported dwelling paycheck to paycheck in Could. A yr in the past, the variety of adults who felt stretched too skinny was 55%. CNBC studies:

Even prime earners have been struggling to make ends meet, the report discovered. Of these incomes $200,000 or extra, 36% reported dwelling paycheck to paycheck, a bounce from the earlier month. 

One other current survey, from consulting agency Willis Towers Watson, estimated 36% of these incomes $100,000 or extra stated they have been dwelling paycheck to paycheck.

Taken collectively, this knowledge reveals People are shelling out extra to cowl their month-to-month bills, making it more and more tough to make ends meet. Because of this, they’re dipping into their money reserves and almost half are falling deeper in debt.