{"id":4378,"date":"2023-08-31T20:50:39","date_gmt":"2023-08-31T20:50:39","guid":{"rendered":"https:\/\/prosfunds.com\/news\/61-of-americans-are-living-paycheck-to-paycheck-inflation-is-still-squeezing-budgets\/"},"modified":"2023-08-31T20:50:40","modified_gmt":"2023-08-31T20:50:40","slug":"61-of-americans-are-living-paycheck-to-paycheck-inflation-is-still-squeezing-budgets","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=4378","title":{"rendered":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets"},"content":{"rendered":"
<\/span><\/p>\n
\n
\n
\n
\n
<\/span><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

Inflation ‘remains too high’<\/h2>\n
\n

But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation “remains too high” despite those positive indicators, and warned that\u00a0more interest rate hikes\u00a0are still possible.<\/p>\n

Central bank officials have already raised rates 11 times, pushing the Fed’s key interest rate to a target range of 5.25% to 5.5%, the highest level in more than 22 years.\u00a0<\/p>\n

Already, four out of five consumers’ spending habits have been affected by inflation, according to TD Bank’s annual consumer spending index.<\/p>\n

“Consumers are undoubtedly continuing to feel the impact of inflation and rising interest rates,” said\u00a0Chris Fred, TD Bank’s head of credit cards and unsecured lending.<\/p>\n<\/div>\n

\n

Lower-income workers have been the hardest hit by higher prices, particularly for food and other necessities, since those expenses account for a\u00a0bigger share\u00a0of the budget,\u00a0studies show.<\/p>\n

Now, 78% of consumers earning less than $50,000 a year and 65% of those earning between $50,000 and $100,000 were living paycheck to paycheck in July, both up from a year ago, LendingClub found. Of those earning $100,000 or more, only 44% reported living paycheck to paycheck.\u00a0<\/p>\n<\/div>\n

Financial stress all around<\/h2>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Inflation ‘remains too high’ But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation “remains too high” despite those positive indicators, and warned that\u00a0more interest rate hikes\u00a0are still possible. Central bank officials have already raised rates 11 times, pushing the Fed’s key interest rate to a target range of 5.25% to 5.5%, the highest level in […]<\/p>\n","protected":false},"author":1,"featured_media":4379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[38],"tags":[],"class_list":{"0":"post-4378","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news"},"yoast_head":"\n61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds<\/title>\n<meta name=\"description\" content=\"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation "remains too high" despite those positive\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prosfunds.com\/?p=4378\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds\" \/>\n<meta property=\"og:description\" content=\"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation "remains too high" despite those positive\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prosfunds.com\/?p=4378\" \/>\n<meta property=\"og:site_name\" content=\"Prosfunds\" \/>\n<meta property=\"article:published_time\" content=\"2023-08-31T20:50:39+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-31T20:50:40+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/107284174-1691613464836-gettyimages-1603827773-dsc05468_4crvdtyp.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1080\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/prosfunds.com\/?p=4378#article\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/?p=4378\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\"},\"headline\":\"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets\",\"datePublished\":\"2023-08-31T20:50:39+00:00\",\"dateModified\":\"2023-08-31T20:50:40+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/prosfunds.com\/?p=4378\"},\"wordCount\":199,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/prosfunds.com\/?p=4378#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/prosfunds.com\/?p=4378\",\"url\":\"https:\/\/prosfunds.com\/?p=4378\",\"name\":\"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds\",\"isPartOf\":{\"@id\":\"https:\/\/prosfunds.com\/#website\"},\"datePublished\":\"2023-08-31T20:50:39+00:00\",\"dateModified\":\"2023-08-31T20:50:40+00:00\",\"description\":\"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation \\\"remains too high\\\" despite those positive\",\"breadcrumb\":{\"@id\":\"https:\/\/prosfunds.com\/?p=4378#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/prosfunds.com\/?p=4378\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/prosfunds.com\/?p=4378#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/prosfunds.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/prosfunds.com\/#website\",\"url\":\"https:\/\/prosfunds.com\/\",\"name\":\"Funding Factories\",\"description\":\"Latest Finance News and Updates\",\"publisher\":{\"@id\":\"https:\/\/prosfunds.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/prosfunds.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/prosfunds.com\/#organization\",\"name\":\"Funding Factories\",\"url\":\"https:\/\/prosfunds.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png\",\"width\":780,\"height\":140,\"caption\":\"Funding Factories\"},\"image\":{\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/prosfunds.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"contentUrl\":\"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/prosfunds.com\"],\"url\":\"https:\/\/prosfunds.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds","description":"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation \"remains too high\" despite those positive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prosfunds.com\/?p=4378","og_locale":"en_US","og_type":"article","og_title":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds","og_description":"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation \"remains too high\" despite those positive","og_url":"https:\/\/prosfunds.com\/?p=4378","og_site_name":"Prosfunds","article_published_time":"2023-08-31T20:50:39+00:00","article_modified_time":"2023-08-31T20:50:40+00:00","og_image":[{"width":1920,"height":1080,"url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/107284174-1691613464836-gettyimages-1603827773-dsc05468_4crvdtyp.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prosfunds.com\/?p=4378#article","isPartOf":{"@id":"https:\/\/prosfunds.com\/?p=4378"},"author":{"name":"News Room","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6"},"headline":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets","datePublished":"2023-08-31T20:50:39+00:00","dateModified":"2023-08-31T20:50:40+00:00","mainEntityOfPage":{"@id":"https:\/\/prosfunds.com\/?p=4378"},"wordCount":199,"commentCount":0,"publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prosfunds.com\/?p=4378#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prosfunds.com\/?p=4378","url":"https:\/\/prosfunds.com\/?p=4378","name":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets | Prosfunds","isPartOf":{"@id":"https:\/\/prosfunds.com\/#website"},"datePublished":"2023-08-31T20:50:39+00:00","dateModified":"2023-08-31T20:50:40+00:00","description":"Inflation 'remains too high'But in recent remarks, Federal Reserve Chair\u00a0Jerome Powell\u00a0said inflation \"remains too high\" despite those positive","breadcrumb":{"@id":"https:\/\/prosfunds.com\/?p=4378#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prosfunds.com\/?p=4378"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prosfunds.com\/?p=4378#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/prosfunds.com\/"},{"@type":"ListItem","position":2,"name":"61% of Americans are living paycheck to paycheck \u2014 inflation is still squeezing budgets"}]},{"@type":"WebSite","@id":"https:\/\/prosfunds.com\/#website","url":"https:\/\/prosfunds.com\/","name":"Funding Factories","description":"Latest Finance News and Updates","publisher":{"@id":"https:\/\/prosfunds.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prosfunds.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/prosfunds.com\/#organization","name":"Funding Factories","url":"https:\/\/prosfunds.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/ff-dark-logo-1.png","width":780,"height":140,"caption":"Funding Factories"},"image":{"@id":"https:\/\/prosfunds.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/bab8f1b00ccebe43e39ff640793108e6","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/prosfunds.com\/#\/schema\/person\/image\/","url":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","contentUrl":"https:\/\/prosfunds.com\/wp-content\/uploads\/2023\/08\/avatar_user_1_1693518183-96x96.png","caption":"News Room"},"sameAs":["https:\/\/prosfunds.com"],"url":"https:\/\/prosfunds.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/4378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4378"}],"version-history":[{"count":1,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/4378\/revisions"}],"predecessor-version":[{"id":4380,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/posts\/4378\/revisions\/4380"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=\/wp\/v2\/media\/4379"}],"wp:attachment":[{"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prosfunds.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}