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Top related persons:
Alia Dudum - 2 Barbie - 1 Mario Tama - 1 LendingClub - 1 paychecks - 1 Jerome Powell - 1
Top related locs:
Burbank , California
Top related orgs:
Deloitte - 1 Walmart - 1 Getty - 1 Bank - 1 Ally Bank - 1 CNBC - 1 U.S . Bureau of Labor Statistics - 1 U.S . Department of Labor - 1

Search resuls for: "Alia Dudum"


2 mentions found


☆ 60% of Americans are living paycheck to paycheck heading into the holidays, report finds
  + stars: | 2023-11-20 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +2 min
This year, holiday spending during the Thanksgiving week may hit a record as consumers try to maximize the weekend's deals, according to a 2023 Deloitte Black Friday-Cyber Monday survey. Spending over the week is expected to jump 13% from last year, with shoppers shelling out $567 on average, Deloitte found. Half of consumers plan to take on more debt to pay for holiday expenses, another report by Ally Bank found. That CNBC survey found that 61% of Americans are living paycheck to paycheck, up from 58% in March. More than one-third of consumers plan to dip into their savings even more to cover holiday spending, LendingClub also found.
Persons: Barbie, Mario Tama, LendingClub, Alia Dudum Organizations: Deloitte, Walmart, Getty, Bank, Ally Bank, CNBC Locations: Burbank , California
☆ 60% of Americans are still living paycheck to paycheck as inflation hits workers' wages
  + stars: | 2023-09-27 | by ( Jessica Dickler | ) www.cnbc.com   time to read: +1 min
After a prolonged period of high inflation and higher interest rates, Americans are just getting by. As of August, 60% of adults said they are living paycheck to paycheck, according to a new LendingClub report, unchanged from last year. Real average hourly earnings declined 0.5% for the month, the U.S. Department of Labor said in a separate release. "The data underscores the pervasive nature of financial challenges affecting a majority of consumers," said Alia Dudum, LendingClub's money expert. Central bank officials have already raised rates 11 times, pushing the Fed's key interest rate to a target range of 5.25% to 5.5%, the highest level in more than 22 years.
Persons: paychecks, Alia Dudum, Jerome Powell Organizations: U.S . Bureau of Labor Statistics, U.S . Department of Labor, Finance, Money, Homeowners, Federal Reserve
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