Category: paycheck

How Bonuses Are Taxed and Why

A bonus is a type of payment on top of your regular wages. And you probably wait all year to receive yours. But they’re still income and subject to taxes. You’ll note this when you see that your bonus is much smaller than you thought. There are two ways to tax your bonus. So, what…


Financial Tips for New College Grads

For new college graduates, receiving that first post-degree paycheck can be almost as exciting as getting the diploma itself. But it also presents a challenge: Given the many demands on a young person’s budget, how should those funds be managed? We asked five money experts to share their best personal finance strategies to help this…


60 Percent of US Adults Living Paycheck to Paycheck: Report

Americans are still struggling to save money at the end of each month amid the increased cost of living, although not quite as much as they were a year ago, according to a new report by LendingClub and Paymnts. The report is based on a survey of 4,163 U.S. consumers conducted from Jan. 6 to Jan. 27, as…


Nearly Two-Thirds of Americans Are Barely Making Ends Meet: Survey

The number of Americans living paycheck to paycheck has increased over the last year, with more than half of consumers left with little money to spend at the end of the month, a new survey has found. The survey, conducted by Pymnts and LendingClub, was published on Jan. 30 and is based on a survey of 3,989…


Report: Majority of Americans Living Paycheck to Paycheck, Many Blame Rising Inflation

Recently released survey data reports that the majority of Americans are feeling the pain of inflation and living paycheck to paycheck. PYMNTS released its latest survey, which showed that as of November, 63 percent of U.S. consumers say they are living paycheck to paycheck, a 3 percent increase from the previous month but roughly the…


VIDEO: Cuban Immigrant Loses It on Getting First Paycheck From UPS in America, Tasting Freedom for First Time

It was the first real election the Cuban had ever experienced. Yoel Diaz, 37, who just received his green card, watched in awe as Americans took to the polls on November 8, while his wife, Marissa, 34, video-recorded his reaction. He seemed deeply stirred. New immigrants from dictatorships like Cuba have many moments like this…


Inflation Forcing More Americans to Live Paycheck to Paycheck

Persistent inflation is forcing more and more Americans to live paycheck to paycheck, according to a new report from the Lending Club. The report, a collaboration between LendingClub and financial news and analysis platform PYMNTS, is based on data from a survey of 3,495 U.S. consumers conducted between Aug. 10 and Aug. 29, 2022. It found that three in five U.S. consumers were…


Number of Americans Living Paycheck to Paycheck Jumps 7 Percent, Report Shows

A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found. PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and…


Number of Americans Living Paycheck to Paycheck Jumps 7 Percentage Points, Report Shows

A growing number of Americans are living paycheck to paycheck despite increasing wages, a newly released report found. PYMNTS and Lending Club released the report, which says that 61 percent of Americans are living paycheck to paycheck, an increase of 7 points since May 2021. The report also found 54 percent of Baby Boomers and…


How Can I Stop Living Paycheck to Paycheck?

Dear Carrie: I’m a single mom with a decent income, but I’m always living paycheck to paycheck. How can I break that cycle and start to save, not only for an emergency but also for my bigger goals like retirement and maybe even a home?—A Reader Dear Reader: Living paycheck to paycheck isn’t uncommon these…