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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] I agree with PP. Paycheck to paycheck means if you don't get paid for some reason (let go, furlough, you're hourly and couldn't work due to illness), then you don't eat and can't pay rent/mortgage.[/quote]
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