Transcript for By the Numbers: Paycheck to paycheck on $100,000
WELCOME BACK.
LIKE IT OR NOT, TAX SEASON
IS HERE AND A NEW STUDY
IS SHINING LIGHT ON A PRETTY
COLD REALITY.
THAT SIX FIGURE SALARY THAT YOU
DREAMED ABOUT MAY NOT
BE CUTTING IT.
>> HERE'S A CLOSER LOOK BY THE
NUMBERS.
THE SURVEY PUBLISHED
BY FINANCIAL ADVICE COMPANY
SMART ASSET, FOUND THAT 51% OF
PEOPLE WHO EARN MORE THAN
ONE HUNDRED THOUSAND DOLLARS
REPORT LIVING PAYCHECK
TO PAYCHECK.
THAT'S A SEVEN PERCENT SPIKE IN
JUST THE LAST 12 MONTHS.
NOW WE KNOW ONE FACTOR, OF
COURSE, PLAY HERE IS INFLATION,
WHICH ISN'T HELPING ANYONE AT
SIX PERCENT YEAR OVER YEAR, BUT
IT'S ALSO YOUR ZIP CODE AND THE
TAXES YOU PAY.
SO THEY LOOKED AT 76 OF
THE LARGEST AMERICAN CITIES
TO SEE HOW EARNINGS REALLY
STACK UP AFTER TAXES
AND ADJUSTED FOR THE COST OF
LIVING A ONE HUNDRED THOUSAND
DOLLAR ANNUAL INCOME IN
NEW YORK CITY AMOUNTS TO JUST
THIRTY FIVE THOUSAND
SEVEN HUNDRED
NINETY ONE DOLLARS.
BY THE WAY, HONOLULU AND SAN
FRANCISCO AREN'T MUCH BETTER
BASED ON THE SAME FACTORS
THE YEARLY TAKE HOME IN HOME OF
THE BLUES.
MEMPHIS, TENNESSEE, WOULD
BE EIGHTY SIX THOUSAND
FOUR HUNDRED AND FORTY
FOUR DOLLARS.
THAT'S THE BEST THEY FOUND.
OR MAYBE JUST MOVED TO TEXAS
THANKS TO NO STATE INCOME TAX
AND A CHEAPER COST OF LIVING.
SEVEN OUT OF THE TOP 10 CITIES
IN THAT SURVEY CAN BE FOUND IN
THE LONE STAR STATE.
AND WE WANT TO KNOW THE MEDIAN
MEDIAN US SALARY LAST YEAR
IS ABOUT FORTY FOUR THOUSAND
TWO HUNDRED AND TWENTY
FIVE DOLLARS, ACCORDING
TO ZIPSER, WHICH RAISES SERIOUS
CONCERNS ABOUT HOW MANY
AMERICANS ARE STRUGGLING IN
THIS ECONOMY.
This transcript has been automatically generated and may not be 100% accurate.