(CNN)– One in four U.S. households are living paycheck to paycheck and struggling to get by, according to a Bank of America institute analysis released this week.

The bank’s researchers combed through internal data on its millions of consumers.

And tracked how much they spent on necessities like groceries, housing, gas, child care and utilities.

They found that about a quarter of households spend more than 95% of their income on those necessities, and there is little to nothing left over for extras.

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