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

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[quote=Anonymous][quote=Anonymous][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. But it has to genuinely mean that. You have to be risk of over drafting. That’s paycheck to paycheck. The day before pay day is stressful. That’s paycheck to paycheck. [/quote]

+1. If you can pull from savings or sell stock to cover the gap, you aren’t paycheck to paycheck, you’re just overextended or diverting too much to savings/investments. It’s not the same thing. When I was growing up, sometimes we had to drive over to the electric company’s office in person before 5pm to make a payment because we were a couple months behind and if we didn’t our power was being cut the next day. THAT’s paycheck to paycheck. [/quote]

Wrong if you have to pull from savings you will fall behind on retirement. The under 200k people don't have to save and the govt takes care of them fully[/quote]

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