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][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]

The people who live paycheck to paycheck have no retirement and their SS is small because their income is small and they are probably desperate and have to pull it as soon as they are eligible. [/quote]

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