Reply to 40% of people making 500K/year are living paycheck to paycheck

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[quote=Anonymous][quote=Anonymous]Someone making a 500K income and who also feels as though they are living "paycheck to paycheck" is terrible with money and somehow managing to live above their means.  Too much house, too much in cars, too many toys, too much eating out - fine dining, hiring everything done, blowing too much on vacations, designer everything.  And, yes, way too much in taxes.

Hopefully they are saving, too, because when that large income grinds to a screeching stop in retirement they are going to be hating life.  Their spendthrift ways will be over.

We made a fraction of that income and have managed to retire comfortably with a paid off house and cars because we were good savers from an early age and paid consumer debt off monthly and helped our kids to graduate from college debt free.[/quote]

This is exactly right.  If someone feels squeezed and is living "paycheck to paycheck" in a $500k income, they are either saving a significant portion of their income (which is NOT the devinition of livign paycheck to paycheck), or are living way above their means (which is their own damn fault).

I am so sick of these stories/claim/whining.  And I say that as someone who makes $500k.  All these people need to grow up.  [/quote]

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