• 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.
  • “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.

Despite higher prices, consumers are still spending, although not as much as they were a year ago, which is giving their budgets some breathing room.

As of January, 60% of all U.S. adults, including 45% of high-income earners, were living paycheck to paycheck, according to a new LendingClub report. That’s down from 64% a year earlier, suggesting that last year’s spending cutbacks have improved some consumers’ financial situations.

“Consumers have accepted that inflation is part of their everyday lives and they are actively making behavior changes, especially during the 2022 holiday shopping season, to adjust their spending and better manage their cash flow,” said Anuj Nayar, LendingClub’s financial health officer.

Yet the latest inflation reading from last Friday’s core personal consumption expenditures index was hotter […]

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