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No idea how credible the underlying BoA study is, but from [1]: >>> According to our analysis, in 2024, around a quarter of all households fall into this camp,
by jknoepfler 2y ago
No idea how credible the underlying BoA study is, but from [1]:
>>> According to our analysis, in 2024, around a quarter of all households fall into this camp, an increase from 2019.
They define living paycheck to paycheck as spending 95+% of income on necessities (housing, food, etc.)
[1] https://institute.bankofamerica.com/economic-insights/paycheck-to-paycheck-lower-income-households.html https://institute.bankofamerica.com/economic-insights/payche...