The Regional Divide Edition
7 in 10 Urban Consumers Live Paycheck to Paycheck
Here’s a reality check: 69% of urbanites live paycheck to paycheck — just 63% of rural and 55% of suburban consumers say the same. PYMNTS’ latest survey of 3,652 consumers, “New Reality Check: The Paycheck-to-Paycheck Report,” a collaboration with LendingClub, details why and the regional differences in how consumers make their finances work.
Inside the May Report
- 82%: Portion of urban consumers who have outstanding credit card balances
- 64%: Share of paycheck-to-paycheck consumers living in the Western U.S. in April 2023
- 23%: Portion of Northeastern urban dwellers who cite dependent relatives as the most important reason why they live paycheck to paycheck, significantly more than any other region
