20% of people earning $250,000 per year live paycheck-to-paycheck
CBSN
Low-wage workers aren't the only group of Americans regularly spending most or all of their paychecks.
A greater share of Americans who earn more than $250,000 annually are spending all of what they bring in, compared with workers earning less than $100,000, according to a new analysis from the Bank of America Institute.
To be sure, people who are truly living "paycheck-to-paycheck" tend to be lower down the income ladder, the company said. But the findings also show that a significant share of workers at all income levels regularly spend all of their income — or more.
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