More Americans living paycheck to paycheck

Photo by: WDAY Radio Staff
Photo by: WDAY Radio Staff

(San Francisco, CA) -- More Americans are living paycheck to paycheck.

A recent report from LendingClub showed 64-percent of Americans lived that way as of December. That's up from 61-percent a year earlier.

It also revealed over half of those who make six-figures also said their finances are stretched thin.

LendingClub's financial health officer told CNBC the record numbers for paycheck to paycheck living are due to the effects of inflation.