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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I've seen enough of those "we make $500k but money feels tight" articles to know that most people don't actually know what paycheck to paycheck means[/quote]

In this case they mean after maxing out all their retirement accounts and setting aside automated brokerage investments, paying private school tuition, paying the mortgage on heir huge house, and setting aside cash for their next big vacation and reno, they feel like they don't have enough left over to spring for guac.[/quote]

Exactly, we make like 800k and still shop at Aldies because we need to save so much and pay for private college tuition, etc. It's not a glamorous life, everything thinks it is.[/quote]

Bro! We NEEEEEEED to send our kids to an expensive college and expensive k-12 private so they can major in fine art and be underemployed as a barista afterwards! We can’t retire on less than 15mil or else we won’t be able to keep living in a tier 1 city and be within walking distance to the opera and other exquisite cultural events to stimulate our over educated minds and stave off dementia when we’re old, so we’re forced to save 30% of our 800k HHI and work until 65! My kids need to do travel soccer, swimming lessons, two instruments, and foreign language after school as well or they might have to go to *gasp* state school! If our kid has even 10k in student loans then we’ve failed as parents and their lives will be miserable, there’s no way we’ll allow that to happen. 529’s must be super funded to half a million minimum! Did I mention the biannual business class trips to Europe?

It’s not a glamorous life, but we make do[/quote]

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