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Reply to "More Than a Third of 250k Earners Live Paycheck-to-Paycheck"
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[quote=Anonymous][quote=Anonymous]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/[/quote] We’re like you but managed to get out of this a couple of years ago when HHI exceeded $300K. Before that with a lower income and multiple kids etc we would often have to save nothing at all for the future, and we’ve never had a luxury vacation and my car is from the last century. At this income level, though, it seems like most of the people who do live paycheck to paycheck are doing it by choice. [/quote]
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