A Quarter of Americans Live Paycheck to Paycheck

(Undated) — If you are living “paycheck to paycheck,” you are not alone. According to recent analysis from Bank of America, nearly a quarter of American households are living paycheck to paycheck. It found that slow wage growth has contributed to an increase in households with limited savings, and lower-income as well as middle-aged households are bearing the brunt of rising costs. Findings also reveal that the number of households in the Northeast and Midwest living paycheck to paycheck has increased, while it decreased for those living in the South and West. Bank of America’s report defined households as living paycheck-to-paycheck if, in the quarter, their necessity spending exceeded 95 percent of their income. Find the full survey HERE.