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Reply to "40% of people making 500K/year are living paycheck to paycheck"
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[quote=Anonymous]Living paycheck to paycheck means that every dollar of every paycheck goes to pay your living expenses: food, shelter, utilities, transportation. If you can save for a rainy day or a vacation or college or retirement, you are not living paycheck to paycheck. A survey like the one OP posted is absolutely meaningless because obviously many of the participants have no idea what the question they are answering means. If the surveyors really wanted to know the answer to this question, they should have asked it differently. E.g., are you able to save for retirement and college? How many people making $500k do you really think would say no to that question? My HHI is $330k and I for one am really tired of well-well-off people (like me) who complain about how little money they have. Honestly, shut up. If you can't figure out how to live a comfortable life making this kind of money (or more), you must not be very bright. [/quote]
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