Reply to Over half of Millennials earning 250K or more a year lives paycheck to paycheck

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]This is not the same as lower-income people living paycheck to paycheck.  These people are reporting having no money left at the end of the pay period after paying mortgages, paying their CC bill in full, and saving for retirement.

"Living paycheck-to-paycheck doesn’t necessarily mean hardship, and LendingClub makes the distinction between those can pay their bills easily and those who can’t. Only a fraction of high earners -- roughly one in ten -- reported issues covering all their household expenses in April, according to the survey."

You are correct that it dovetails neatly with the DCUM "I feel so poor after I purposely spend all my money on expensive bills I chose to take on and also save more than most people make in a year" posts.[/quote]

The thing is if they lose their job they’re in a really bad situation.

[b]Don’t see it much different than lower income people living paycheck to paycheck.[/b]

Your first comment really reflects the behavior so many umc people have. Umc people are closer to low income people than the wealthy and affluent.[/quote]

Then you are an . . . well, never mind.  I'm trying to be kinder on DCUM.  [/quote]

There plenty of people who make 250k and have no savings![/quote]

OK?  Setting aside how dumb *that* is, it's still not the same as a low income person living paycheck to paycheck.  If you can't appreciate the difference, I don't know what to tell you.  [/quote]

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