Revelations 18:23:’For the merchants were the great men of the earth; for by thy sorceries were all nations deceived.
Important Takeaways:
- 60% of Americans live paycheck to paycheck — ‘inflation is part of their everyday lives,’ expert says
- Even as the cost of living remains high, the number of Americans living paycheck to paycheck fell to 60% in January, according to a recent report.
- 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report.
- “Consumers have accepted that inflation is part of their everyday lives,” says LendingClub’s Anuj Nayar.
- A few key money moves can help your financial standing amid higher prices.
- At the end of 2022, credit card debt hit a record $930.6 billion, an 18.5% spike from a year earlier, and average credit card balance rose to $5,805, according to the latest report by TransUnion.
- Total household debt also increased by 2.4% to $16.9 trillion in the fourth quarter of last year, the Federal Reserve Bank of New York found.
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