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63% of Americans Living Paycheck to Paycheck

Despite high incomes, a significant portion of Americans, including those earning six figures, are grappling with financial instability. A recent study reveals that nearly two-thirds of Americans are living paycheck to paycheck, with thirty percent of high earners also struggling. Inflation and rising costs are major contributors, eroding purchasing power and making it difficult for many to save or build wealth. The Federal Reserves interest rate hikes, aimed at combating inflation, may further burden those already struggling, highlighting the complex economic challenges many households face.

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