Bidenflation Is KILLING America’s Middle Class And This Proves It
(RepublicanNews.org) – Inflation is overtaking the US economy, forcing many Americans to find more than one source of income. While people often associate making more money with having a more stable lifestyle, even those making over $100,000 per year are reporting that they’re finding it harder to afford day-to-day life. New figures suggest that over a third live of these so-called high earners paycheck to paycheck.
More than a third of workers earning at least $100,000 a year reported being cash-strapped, double what it was three years agohttps://t.co/V0prLBZSMV
— NBC New York (@NBCNewYork) June 17, 2022
With inflation hitting 8.6%, its highest mark in four decades, Americans from all walks of life are struggling to make ends meet. CNBC reported that 52% of people in the US who make less than $50,000/year live paycheck to paycheck. That number dropped to 34% for people making between $50k-$100k. It was only slightly higher at 36% for those who make over $100,000.
New data shows a growing trend in the US, and Americans find it harder and harder to live comfortable lives. Even some of the wealthiest people in the country are feeling the pressure of growing inflation and high fuel costs. North America at Willis Towers Watson Market Leader Mark Smrecek agrees; he told CNBC News that Americans are likely to begin living paycheck to paycheck regardless of their income level.
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