'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 · 7 months ago

'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

Very_Bad_Janet@kbin.social · 7 months ago

Someone can appreciate what they have and still struggle to support a family, repair and maintaine a house, pay deductibles and co-pays for medical treatments, support an unemployed or ailing family member, pay student loans, pay car loans, send remittances to family in a home country, etc. They could simply live in a HCOL area. There are many not unusual scenarios that could have a household making $150k/year struggle.