64% of Americans Live Paycheck to Paycheck, As Inflation Heats Up

As daily life gets more expensive, workers are having a harder time making ends meet.

While wage growth is high by historical standards, it isn’t keeping up with the increased cost of living, which is growing at the fastest annual pace in about four decades.

“Wages are up 5.1% over the past year, which is trailing the pace of inflation,” said Bankrate.com senior economic analyst Mark Hamrick. “Indeed, surging prices are stealing the show on the minds of consumers.”

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