How many Americans live ‘paycheck to paycheck’?

Are most Americans barely holding their head above water when it comes to personal finances? That’s what various US politicians and news outlets keep suggesting. They can’t stop using a statistic about people living “paycheck to paycheck”. But what does this really mean?

We go behind the headlines to unpick the numbers. Contributor: Ben Krauss, journalist Presenter: Charlotte McDonald Producer: Vicky Baker and Lizzy McNeill Series Producer: Tom Colls Production co-ordinator: Katie Morrison Sound Engineer: Andrew Mills Editor: Richard Vadon