'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

return2ozma@lemmy.world · vor 1 Jahr

'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap

Kecessa@sh.itjust.works · edit-2 vor 1 Jahr

Especially considering that at the time they could have just bought a house minutes from their office on a year’s salary instead of being over their head in debt because they preferred living in the next city in a house worth a couple millions…

laxu@sopuli.xyz · vor 1 Jahr

That’s why lifestyle creep is a tough one. You make more money and then start thinking you want a bigger home, nicer car, eat out a lot more etc. It’s hard to scale back from that when the times get tougher as selling a multi-million home isn’t that easy.