More Americans Living Paycheck to Paycheck, Study Finds

July 23, 2012 Updated Jul 23, 2012 at 2:40 PM EDT

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More Americans Living Paycheck to Paycheck, Study Finds

July 23, 2012 Updated Jul 23, 2012 at 2:40 PM EDT

More Americans are living paycheck to paycheck.

That's according to the results of a survey released Monday by the Consumer Federation of America. According to the study 38 percent of the households surveyed said they lived paycheck to paycheck. Less than one-third of the households surveyed said they felt comfortable financially, according to the survey.

Read the news release from the Consumer Federation of American HERE.