The Real Reason Americans Think Everything Is Getting Worse

The headline is troubling: “More Americans say they are living paycheck-to-paycheck,” CNBC reported on Tuesday. The report featured one of the most commonly cited statistics by economic pessimists: that 60% of Americans live paycheck to paycheck. But this statistic is hugely misleading.  For one, the survey was taken by LendingClub (an institution that offers personal financial ...