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+--- Thread: 36% of employees earning $100,000+ living paycheck to paycheck (/Thread-36-of-employees-earning-100-000-living-paycheck-to-paycheck)
36% of employees earning $100,000+ living paycheck to paycheck - bjcheung77 - 06-16-2022
Really? That's interesting to see, I am close to that amount but hardly "splurge" to be living paycheck to paycheck. I'm frugal (not cheap, yes, I tip people more as they provide good customer service when we dine out), we don't really save much either, but at the same time, we don't spend well above our "means". And for those who in the article that are the 36% who make $250K/year living paycheck to paycheck (it's not just because of inflation), get out of that city, revamp the way you do things! Seriously!
Link: Amid record inflation, 36% of employees earning $100,000 or more say they are living paycheck to paycheck (msn.com)
RE: 36% of employees earning $100,000+ living paycheck to paycheck - bluebooger - 06-17-2022
LOL
no pity for those people at all
RE: 36% of employees earning $100,000+ living paycheck to paycheck - jsd - 06-17-2022
Not sure this is all that surprising. Many jobs that pay 100k+ are in big cities where they need that much to get by. They could move to a lower cost of living area and get a comparable job (if available in smaller markets), but their salary will also be lower, and they'd still be living paycheck to paycheck. 100k isn't what is was 20 years ago.
RE: 36% of employees earning $100,000+ living paycheck to paycheck - Alpha - 06-17-2022
I live in a red zone. I have all the basics (the basic package does not include recreational vehicles, expensive vacations or restaurants). There is no extra money floating around. I could make more money if I wanted to but my quality of life would drop (according to my personal criteria). I eat good food, drive a good car and live in a nice house in the woods. I have retirement money but, like everyone else, I worry that there won't be enough of it. I consider myself lucky and I know a lot of people who have less. I know it's different in different places. Costs in places like NYC, San Francisco are out of sight. I couldn't afford to live there on my present salary, etc.
https://meric.mo.gov/data/cost-living-data-series
RE: 36% of employees earning $100,000+ living paycheck to paycheck - ss20ts - 06-17-2022
Considering what they pay in taxes, health insurance, life insurance, 401k, etc they may be bringing home $60K. Add on student loans, car loan/lease, and high cost of rent/mortgage in many areas of the country and $100K isn't a spectacular salary. Relocation isn't necessarily going to help either. If you move from one area with a higher rent/mortgage cost that only sort of solves part of the problem. If housing costs less then salaries are also usually less. You still have student loans, car loan/lease, credit cards, utilities, food, etc. Can one pay all of those monthly bills on a lower salary?
RE: 36% of employees earning $100,000+ living paycheck to paycheck - dfrecore - 06-17-2022
$100k is nothing in so many places around the US. Sure, it was a great salary in 1995, but now...not so much. You're barely treading water in some places making that.
RE: 36% of employees earning $100,000+ living paycheck to paycheck - davewill - 06-21-2022
Add on any significant level of consumer debt, and it's all too easy to be working without a safety net.