New Reality Check: The Paycheck-To-Paycheck Report: The Emergency Spending Edition

NEW DATA: US Consumers Face Emergency Expenses 3.5x Larger Than Fed Estimates  PYMNTS survey of 4,006 U.S. consumers for the latest “New Reality Check: The Paycheck-To-Paycheck Report,” a collaboration with LendingClub, found that 46% of respondents faced an emergency expense in the last 90 days that averaged approximately $1,400, a sum that far exceeds the Fed’s oft-cited $400 benchmark for these unplanned and disruptive costs.
Inside the August/September Report
  • 30%: Share of consumers earning more than $200,000 who live paycheck to paycheck
  • 42%: Share of consumers living paycheck to paycheck who paid more than $400 per each emergency expense
  • 30%: Share of consumers who had to pay an emergency expense for car repairs

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    The Paycheck-to-Paycheck Report