“I don’t think we’re considered lower income, but even like, we had an emergency last month where we had to buy a new vehicle. What’s unique about inflation right now, though, is no financial bracket is exempt from inflation. “It’s a scary moment when you realize we’re one emergency away from a real crisis,” Peterson said.Īs a mom of three young children, Peterson said things can add up fast. consumers are now living paycheck to paycheck. In a new report from and Lending Club, three in five U.S. Rachelle Peterson, a Layton mom, is asking a question many are asking themselves, “What else can I cut?” In fact, stretching the dollar may be the new norm. SALT LAKE CITY - A new report said people are living paycheck to paycheck right now in the face of record-high inflation.
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