One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds

[ADevilYouKhow]

One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck, Survey Finds

More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.

www.bloomberg.com

• Cash is especially tight for top earners of millennial cohort
• Very few reported issues covering all their household expenses

Millennials fukking up yo

 

[Secure Da Bag]

Sounds like they all live in SanFran, Silicon Valley or Manhattan.

They better find some suburbs to live in.

 

[☑︎#VoteDemocrat]

Outside of NY, LA, or SF. It kinda makes sense. That’s possible even in Miami

 

[ADevilYouKhow]

Outside of NY, LA, or SF. It kinda makes sense. That’s possible even in Miami

Cool

 

[OperationNumbNutts]

I can see that. Just because a person makes a lot at a job doesn't mean they become financially literate.

 

[ADevilYouKhow]

I can see that. Just because a person makes a lot at a job doesn't mean they become financially literate.

Sure

 

[Professor Emeritus]

Doesn't matter where you live, doesn't matter how much in student loans you have to pay off, if you're making $250,000 and living paycheck to paycheck then either you have serious family issues to account for, a big spending problem, or no clue what you're doing with your money.

No one gonna show me a normal person's $250,000/year budget anywhere in America that don't have a bunch of unnecessary shyt in it. At the least they're paying way too much for their car, for spendy vacations, for eating/drinking out and entertainment, or sending their kids to some ritzy-ass private school.




(I'm not including people who have medical issues or massive family issues to account for.)

 

[Secure Da Bag]

Are we talking single no kids or people with familiies? Because having kids will wipe out your paycheck quick.

 

[ORDER_66]

Making 250k but living paycheck to paycheck?! man they better downsize or stretch that dollar cause it's not making any sense unless they live in super expensive places...

 

[Professor Emeritus]

Making 250k but living paycheck to paycheck?! man they better downsize or stretch that dollar cause it's not making any sense unless they live in super expensive places...

Even if they paying $3000 a month then that's just $36,000 a year. I mean fukk, even $4,000/month is just $48,000. That doesn't come even close to accounting for the $150,000+ take-home that they're blowing on....what?

 

[Secure Da Bag]

Even if they paying $3000 a month then that's just $36,000 a year. I mean fukk, even $4,000/month is just $48,000. That doesn't come even close to accounting for the $150,000+ take-home that they're blowing on....what?

150k after tax would be 100k. After rent it's 64k, optimistically. Then utilities, gas, food. Then any loans you have (school, car). Maybe insurance (car, apt, home). At this point, how much do you expect someone to have left to spend for the year or the month?

EDIT: I didn't even take into account benefits like: health insurance, 401k, dental, eye. Which would make that 100k less. To 80k, maybe?

EDIT2: I misread. You're saying 250k after taxes is 150k. So yeah, I agree with you.

 

[ORDER_66]

Even if they paying $3000 a month then that's just $36,000 a year. I mean fukk, even $4,000/month is just $48,000. That doesn't come even close to accounting for the $150,000+ take-home that they're blowing on....what?

I feel you another thing to add is what they driving could be super expensive to fuel and maintain I'm thinking a fresh M4 something along those lines full coverage insurance also what they eating buying probably those stupid expensive whole food stores

 

[acri1]

If you're making 250k and living paycheck to paycheck there are only a few things that could be going on -

1. You're living in some mansion or something you can't afford. Self-imposed L.
2. You have expensive cars you can't afford. Self-imposed L.
3. You're in some kind of ginormous debt.


That's really all I can think of. Outside of crazy debt, the only way someone making 250k is struggling is if they're trying to live like a mllionnaire.

 

[acri1]

150k after tax would be 100k. After rent it's 64k, optimistically. Then utilities, gas, food. Then any loans you have (school, car). Maybe insurance (car, apt, home). At this point, how much do you expect someone to have left to spend for the year or the month?

EDIT: I didn't even take into account benefits like: health insurance, 401k, dental, eye. Which would make that 100k less. To 80k, maybe?

That's a self-imposed L.

Find someplace to live for less than 3K a month or buy a used car.

I feel you another thing to add is what they driving could be super expensive to fuel and maintain I'm thinking a fresh M4 something along those lines full coverage insurance also what they eating buying probably those stupid expensive whole food stores

I mean, if you're going broke because you just had to buy an M4 then that's your own fault.

 

[Secure Da Bag]

That's a self-imposed L.

Find someplace to live for less than 3K a month or buy a used car.

Off of 250k, 3k shouldn't even hold you. I thought Rhakim was talking about someone making 150k before taxes. Carry on.