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Money and Finances
Reply to "Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”"
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[quote=Anonymous]In the article, these are the definitions they used: - Primarily live paycheck to paycheck: I find it tough to make progress on any long-term financial goals - Moderately improve each year: I am able to make some saving progress each year - Considerably better: I am able to make progress on both short-term and long-term financial goals So, not sure of the accuracy of people's responses, but I would think someone who has little extra left over after maxing out 401k, HSA, college savings, brokerage, etc. would say they are making progress on their short- and long-term goals. Interestingly, those who make 200-300k had the highest % of responses in the "considerably better" category. (this is from p.20 of the OP's article)[/quote]
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