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


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Another "OMG!" article, with illuminating observations such as:

 

"To finance their lifestyles, higher-income households are more likely to put expenses on credit cards -- but also more likely to be able to pay off their balance in full."

 

Uh ... so what's the point here?

 

I have a confession:  After setting a hefty portion of our income each month into retirement savings, expense reserves, and handling having refinanced a 30-year mortgage into a low rate 15-year loan, we practically live paycheck to paycheck.

 

I don't think you can read into the article that these self-professed PTP'ers have no liquid assets or have a negligible net worth.

 

Finance porn.

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On 6/1/2022 at 10:45 PM, hdporter said:

I have a confession:  After setting a hefty portion of our income each month into retirement savings, expense reserves, and handling having refinanced a 30-year mortgage into a low rate 15-year loan, we practically live paycheck to paycheck.

 

 

Yep, and your points are reflected in this article that goes into similar aspects of that story.

 

1 in 3 Americans earning $250,000 or more say they live paycheck to paycheck — are they really? (msn.com)

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