Reply to Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”

Forum Index » Money and Finances

Reply to "Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think this partly happens because someone making 400k thinks they should have everything their neighbor has, but they don’t realize their neighbor is making north of a million. 
We’ve made more 1.1 the last two years, and none of our friends would have any idea. We save a lot, and spend a lot- but we could not have sustained this on a 400k salary.[/quote]

You also don't have any idea what your friends make. They could be practicing stealth wealth just like you are. I would never tell anyone my income no matter how close of a friendship I had.[/quote]

Most of our friends throw their salaries / HHI into casual convos with us and the numbers generally make sense w their careers. We never share what we make so I do think part of it is them fishing for info from us.

We’re all early / mid 30s. I don’t think salary / HHI is a big secret for Gen Z and younger Millennials than it is with older people. Maybe that’ll change over time but we’ve also with 2008 and COVID how unless you own your own business, any high W2 salary is a gift. So we don’t put as much of our value or self worth into it as I think 40+ Millennials and Gen X do which makes it less of something to “hide” or never share. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics