More Than a Third of 250k Earners Live Paycheck-to-Paycheck

[Anonymous]

Anonymous wrote:

Anonymous wrote:Honestly this all makes so much more sense. Our household income with no kids is over 250k, but we max 401k/IRA/stock purchase and live in just a ‘decent’ place. I always wonder how these people can afford multiple luxury vacations, new cars, designer clothing, etc.

Bunch of Weekend Millionaires ™️ in this city I suppose!

https://www.fool.com/investing/2022/06/01/more-than-a-third-of-250k-earners-live-paycheck-to/

We make $1m and we barely save. we live in NYC and once we pay for 2 kids in private ($120 so $240 pre tax income), give half of salary away to tax, pay mortgage, pay maintenance, it's mostly gone. we will 'make' more money by qualifying for a big mortgage and buying a house that is a good investment. but we certainly are not saving big.

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Not pathetic. It shows a lot of what is wrong with the choices we have. Private shouldn’t cost $240 take home or public should provide a better education. I had a great public school education but that was a long time ago and the investment and curriculum requirements have changed. Some are good. Some are not.

[Anonymous]

The cost of education is out of control. When I attended an elite NYC private it was $12K/year. Salaries have not quintupled in that time.

[Anonymous]

The comments here are an accurate reflection of the idiots we have in this city lol

[Anonymous]

Anonymous wrote:I would jizz my pants to make $250k/year!

I make $62k/year as a single person and struggle in this area without picking up side gigs from time to time.

I've thought about moving south where it's cheaper, but all my family and friends are in this area. I'm not an outgoing or social person, so my fear is I'd become a total shut-in and depressed if I moved.

you need roommates - cheaper and less isolating