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Why Inflation is NOT Over | $13 Trillion in Interest Payments Hidden Crisis
With high inflation and rising interest rates on consumer debt, an increasing percentage of workers considered to be high-income earners now say they live paycheck to paycheck. 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. That's an increase from 61% the previous year.
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