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Half of Americans spending entire paycheck

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Nearly half of Americans are spending their entire paycheck - or more, according to a study from the Center for Financial Services Innovation.

"Half of America has no financial cushion," says Jennifer Tescher, president and CEO of CFSI, which released the study. "They are living really close to the edge."

Of the 25 percent who responded they had too much debt, 96 percent were stressed.

Read more from CNNMoney.

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