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Reply to "What does living pay check to pay check mean to you?"
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[quote=Anonymous][quote=Anonymous]To me, it means that you have little, if any, money by the time pay day comes around. Everything you got the last pay period is spent and little to no savings in case an emergency comes up. It doesn't necessarily mean poor, because a lot of high HHI earners who live this way. They just have really high expenses and spend everything they earn. I remember when the gov shutdown happened in 2013, I was surprised at how many people really struggled when their paychecks were delayed. We still got paid, but getting paid a month late was threatening to put ppl in financial ruin. [/quote] But most of these people have retirement funds and likely home equity. It's not easy to get at these funds, but different than being completely destitute.[/quote]
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