CNN —When considering who is living paycheck to paycheck, households with an income of six-figures or more likely aren’t the first to come to mind.
But, as it turns out, about a fifth of US households that earn more than $150,000 a year are in that situation.
Across all income levels, households that earn less than $50,000 a year saw the highest proportion, around 35%, of people living paycheck to paycheck so far this year.
But at higher income levels, the portion of households living paycheck to paycheck falls slowly.
For instance, the share of households living paycheck to paycheck and earning between $50,000 and $75,000 is only a few percentage points higher than households earning more than $150,000.
Persons:
” David Tinsley, Tinsley
Organizations:
CNN, Bank of America, Bank of America Institute, Labor Department