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The rising cost of living and the shifting landscape of work have left behind multiple victims behind in its rampage. New data shows that a growing number of Americans are living from paycheck to paycheck. On hearing this information, one might assume that the rise of “paycheck to paycheck living” is a problem for lower-income households, but it was revealed that a fifth of the households that earn more than $150,000 have found themselves stuck in this position.
Bank of America’s data on the paycheck situation was gathered from its study of anonymized US customer banking accounts and spending habits,