The ninth edition of the Reality Check: Paycheck-To-Paycheck research series, conducted by LendingClub Corp., in partnership with PYMNTS.com, showed that close to two-thirds of the U.S. population — 64% or about 166 million adults — were doing so in March. That’s similar to the reading reported from the January survey.

But the newest research installment was the credit edition, which examined the growing shares of U.S. consumers in all economic brackets living paycheck to paycheck and the impact on their ability to access credit and other expense management tools.

LendingClub and PYMNTS.com reiterated that living paycheck to paycheck means devoting all of one’s salary to expenses with little to nothing left over at the end of the month, yet many of these consumers remain credit worthy, actively managing their cash flows in real time.

In fact, experts said in a news release that close to one-quarter of consumers living paycheck to paycheck report a credit score higher than the FICO average of 750.

“The number of people living paycheck to paycheck today is reminiscent of the early days of the pandemic and it has become the dominant lifestyle across income brackets,” LendingClub financial health officer Anuj Nayar said in the news release.

“As inflation we have not seen in a generation takes more of our paychecks for everyday needs, Americans across incomes and credit scores are increasingly relying on credit products just to get by,” Nayar continued. “That is why the financial services industry must offer better tools to help bridge the gap.”

PYMNTS’ research indicated that paycheck-to-paycheck consumers without issues paying their bills have an about average credit score of 694, while those struggling to pay bills each month have a below average credit score of 613.

Experts noted the average credit score for all paycheck-to-paycheck consumers is 664, more than 90 points below the average for consumers not living paycheck to paycheck.

Meanwhile, experts also mentioned the gap between the average credit scores of low- and high-income consumers is less than 90 points. Consumers who earn less than $50,000 report a below average credit score of 648, while those earning more than $100,000 report an above average credit score of 734.

The data also showed that consumers who are financially struggling tend to check their credit scores more frequently.

Of those consumers who live paycheck to paycheck with issues paying their bills, 20% checked their credit scores in the 24 hours before PYMNTS’ survey compared to only 9% of consumers who live paycheck to paycheck without issues paying their bills.

The latest segment of the research series went on to point out that that credit card ownership remains high, with 63% of respondents of all financial lifestyles saying they have made a credit card payment in the last 90 days.

Experts noticed paycheck-to-paycheck consumers are three times as likely to revolve credit card debt and carry higher monthly balances overall. Those consumers who never pay their credit balances in full also tend to hold more credit cards than average.

PYMNTS’ research showed that 29% of credit card holders “always” or “usually” revolve their balances.

On average, credit card holders have approximately two credit cards, which rises to three credit cards among those not likely to pay their credit card in full (i.e., those who “always” or “usually” have a revolving balance), according to the new data.

Moreover, experts added that that the average sum of monthly balances over the last six months for those who always revolve balances on their credit cards is triple the average of those who always pay in full.

LendingClub and PYMNTS closed by noting that struggling consumers also tend to nearly saturate the average credit card spending limit of $4,700, declaring an average balance of $3,800.

They added paycheck-to-paycheck consumers not struggling to pay their bills report an average spending of $3,100 and a limit of $6,500. Consumers not living paycheck to paycheck report an average spending of $2,100 and a $9,000 limit.

“Many paycheck-to-paycheck consumers remain creditworthy, maintain good credit scores, and are apt to tap into consumer loans, credit cards and other payment options such as personal loans to manage their cash flows,” experts said.

The newest segment of this research series is based on a census-balanced survey of 2,326 U.S. consumers conducted from March 9-11. The Paycheck-To-Paycheck series expands on existing data published by state agencies such as the Federal Reserve System and the Bureau of Labor Statistics to provide a deep look into the elements that lie at the backbone of the American consumer’s financial wellness: income, savings, debt and spending choices.

Experts explained the sample was balanced to match the U.S. adult population in a set of key demographic variables: 52% of respondents identified as females, 32% were college-educated and 36% declared incomes of more than $100,000 per year.

The entire report can be obtained via this website.