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The Kobeissi Letter
@KobeissiLetter
BREAKING: 67.6% of US consumers are now living paycheck to paycheck, according to a PYMNTS survey.

Theis percentage has risen by +10 points over the last 18 months.

This comes as nearly 30% of consumers lost their financial safety net before July 2020 and have struggled since.

A similar percentage began facing the same situation over the last 12 months.

All while 46% of consumers who once had some financial comfort say they have since lost it and feel overwhelmed by their situation.

The US wealth divide is hitting historic levels.
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