Low-wage workers aren't the only group of Americans regularly spending most or all of their paychecks.
Low-wage workers aren't the only group of Americans regularly spending most or all of their paychecks.
"In any given income group there is a slug of people that look like they're financially quite stretched in terms of their outgoings relative to their incomings," David Tinsley, senior economist for the Bank of America Institute, told CBS MoneyWatch.
"Those on lower incomes are likely to be most challenged by rising inflation and economic uncertainty," the report stated."But as we dig into the data we find there are small but significant groups living 'paycheck to paycheck' even at higher income levels, and indeed across the age distribution."The bank notes that living paycheck-to-paycheck doesn't necessarily mean that someone is barely able to afford necessities like food and gasoline.
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