The consumer crunch is coming, even for pet spend.

We dig into all the retail results, Motley full money starts now.

Everybody needs money. That's why they call it money.

From full global headquarters, this is Motley full money.

It's the Motley full money radio show. I'm Dylan Lewis joining me in studio.

Motley full senior analysts, Bill Mann and Jason Moser.

Guys, great to have you both here. Thanks for having me back.

We've got back to school lesson on student loans and stocks on our radar.

But we're going to kick off today checking in on the health of the consumer.

Jason, we have a report from Lending Club showing 61% of Americans are living paycheck to paycheck.

This is something you've been tracking over time. Where are we on the alarm meter here?

Well, it's not getting better. I mean, you'd like to see this number a lot lower right now.

It is still precariously high. I think it's something to keep an eye on.

I think it's something that really matters more for the lower income earners.

That's really where this breaks out because while you see that 61% number,

you can see it kind of ebb and flow between 58%, 63% or whatever.

But if you look at this, this is what I break it down by annual income.

You've got 78% of consumers earning less than $50,000 a year.

And 65% of those earning between $50,000 and $100,000 a year, they're living paycheck to paycheck.

It's so considerably higher than that 61% number. Whereas if you look at those earning $100,000 or more,

only 44% of that demographic are actually reported living paycheck to paycheck.

Now, that actually still seems pretty high as well.

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