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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Everyone I know that makes that much “feels” like it’s paycheck to paycheck but it’s not. They’re putting the max into their 401ks, each kid gets 10 or 20k a year into their 529s, they automatically put 10k a month into a brokerage fund. It just feels tight but they have tons of savings. They also have nice cars, nice homes and take nice international vacations. [/quote]

They likely feel that way in part because they always know people with more. If you travel a lot but always fly coach, you always know people getting first class. If you travel first class, you know people who charter private jets. If you charter private jets, you start looking at people who own. And on and on and on.

The new season of Beef touches on this really well. People's perspectives become heavily skewed by proximity to greater wealth. The show dramatizes it, but I've seen it plenty of times IRL.[/quote]

I know so many people who are "tax the rich" who make decent money and are children/grandchildren of people who made high six figures or seven figures. I doubt they see themselves as rich because they regularly see wealthier people whether in real life or on social media. [/quote]

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