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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][quote=Anonymous]Pay check to pay check literally means there are no savings - no retirement - and no money at the end of the pay period. So many here just do not understand. [/quote] Wrong , pay check to pay check means the way the life is setup you spend everything going into your bank account each pay check. .[/quote] Yes. Spend. Not save or invest. If you are putting money in retirement or other savings/investment accounts every month, it's not paycheck to paycheck. Also if you have a savings cushion and/or investment income, that's also not paycheck to paycheck. Jeff Bezos only makes 82k annually from Amazon as income, which I'm sure he spends all of. He does not live paycheck to paycheck.[/quote]
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