Half Of Americans Spend Their Entire Paycheck On Living Expenses, Study Says

About half of Americans claim that their expenses are equal to or greater than their income, according to a new study from the Center for Financial Services Innovation. That figure increases to 54 percent for those between the ages of 18 to 25.
“Half of America has no financial cushion,” Jennifer Tescher, president and CEO of CFSI, told CNNMoney. “They are living really close to the edge.”
While 25 percent of Americans surveyed said they have too much debt, 96 percent of