20% of people earning $250,000 per year live paycheck-to-paycheck

Low-wage workers aren't the only group of Americans regularly spending most or all of their paychecks. 

A greater share of Americans who earn more than $250,000 annually are spending all of what they bring in, compared with workers earning less than $100,000, according to a new analysis from the Bank of America Institute. 

To be sure, people who are truly living "paycheck-to-paycheck" tend to be lower down the income ladder, the company said. But the findings also show that a significant share of workers at all income levels regularly spend all of their income — or more.