High earners living paycheck-to-paycheck

(CNN)– More high earning households are living paycheck-to-paycheck.

Bank of America released a report that says about a 5th of U.S. households that earn more than 150 thousand dollars a year are in that situation.

The bank says inflation, pricey mortgages, and big utility bills are stretching family budgets thin, even for higher earners.

The analysis says some households might find relief as inflation rate drop and kids age out of childcare.