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Quote Of The Day – Even High-Income Earners Feel Squeeze Of Biden Economy

From an NBC News story:

“According to a recent survey by the banking firm LendingClub and the payments news website PYMNTS, 64% of a representative sample of nearly 4,000 U.S. consumers now say they are just getting by.

Among the new cohort of people who say they are newly living paycheck to paycheck, 86% pull in more than $100,000 annually, the survey found. Given that the median household income in the U.S. is $70,784, the survey shows the soaring cost of living in America is catching up to even more well-off U.S. residents…..

This year, the percentage of Americans saying their finances were worse than they were a year ago hit 50%, the highest since the Great Recession.”

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