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Money and Finances
Reply to "Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”"
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[quote=Anonymous][quote=Anonymous]I mean, we save about 150K a year through deductions from our checks. There are months we're sort of paycheck to paycheck (neber doing without, but making different decisions) but this is just not accurate in terms of what paycheck to paycheck means, unless someone has taken out a 3m mortgage. [/quote] I can definitely see it with people who have $1.3M mortgage, dual private school, nanny, country club, home cleaning, and maybe quarterly tax payments. Business owners/partners run close to the line all the time - chunky income that dwindled down with regular expenses [/quote]
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