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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][quote=Anonymous]A lot of people in this bracket are the ones trying to keep up with the Joneses. So they have multiple car notes, possibly two mortgages if they want a second place, etc. [/quote] I agree!!! I live in a neighborhood of people like this…[/quote] We used to rent my mom's house when she went to assisted living and it was in a wealthy area. I was shocked when I saw the prospective tenants' applications. They made huge salaries but had things like 20k a month payments to Amex and expensive car payments. Some people spend a lot so even with all the examples of people who do it right, it's not hard to believe there are high earners living paycheck to paycheck. [/quote]
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