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Reply to "40% of people making 500K/year are living paycheck to paycheck"
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[quote=Anonymous][quote=Anonymous]We make 500 K but the outgoing cash is due to our own decisions. We have two kids going to college and we're paying 100% plus their lodging. That alone is huge. And of course the taxes are a bit more than $120,000 a year for Federa, state, county, and city.[/quote] Do you have nothing in savings at all of any kind, for retirement or other accounts? That is what living paycheck to paycheck means.[/quote]
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