Sad song, happy life?

Paycheck-to-paycheck reality gap – Axios

A reality gap? The Bank of America study found that the percentage of Americans with strained budgets is increasing and spreading to those with higher incomes. Furthermore, the BoA study examined data of its own customers and is not representative of the whole US population and electorate. For example, the seven million Americans with no bank account are overwhelmingly people with low income.

Paycheck to paycheck: What, who, where and why? – Bank of America Institute

“Lower-income households and older generations appear to have higher shares of those living paycheck to paycheck.”

---