▲ 519 ▼ 'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap (finance.yahoo.com) submitted 2 years ago by return2ozma@lemmy.world to c/news@lemmy.world 264 comments fedilink hide all child comments
[–] blazera@kbin.social 68 points 2 years ago (2 children) I mean you can make any income be paycheck to paycheck by spending too much. permalink fedilink source hideshow 4 child comments replies: [–] LotrOrc@lemmy.world 55 points 2 years ago 150k for me would be a dream right now. I have a dog, a gf, and I rent. But if you're making 150k and you have two kids and a spouse for example, suddenly that 150k doesn't go very far at all. permalink fedilink source parent [–] Kecessa@sh.itjust.works 15 points 2 years ago (2 children) Yep, my mother used to manage pays for engineers making up to 300k and for some of them it was a disaster if a mistake lead to 200$ being missing from their cheque and they would be in her office first thing in the morning in full panic mode... permalink fedilink source parent hideshow 4 child comments replies: [–] pedestrian@links.hackliberty.org 15 points 2 years ago I mean, if my cheque was off by a couple of hundred dollars, I'd want to follow up on the discrepancy (not in panic mode though). My wife's a high earner and some pay was delayed a month due to staff turnover. Leadership was like "it shows financial stability to be able to wait for pay," but people have budgets and plans for that money. Otherwise it's an interest free loan to the organization - the money should be paid out timely. But I do agree, overall, that folks should be able to manage their budget, especially as a high earner. permalink fedilink source parent [–] ohlaph@lemmy.world 5 points 2 years ago (1 child) That's wild to me. permalink fedilink source parent hideshow 2 child comments replies: [–] Kecessa@sh.itjust.works 5 points 2 years ago* (1 child) 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... permalink fedilink source parent hideshow 2 child comments replies: [–] laxu@sopuli.xyz 1 point 2 years ago 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. permalink fedilink source parent
[–] LotrOrc@lemmy.world 55 points 2 years ago 150k for me would be a dream right now. I have a dog, a gf, and I rent. But if you're making 150k and you have two kids and a spouse for example, suddenly that 150k doesn't go very far at all. permalink fedilink source parent
[–] Kecessa@sh.itjust.works 15 points 2 years ago (2 children) Yep, my mother used to manage pays for engineers making up to 300k and for some of them it was a disaster if a mistake lead to 200$ being missing from their cheque and they would be in her office first thing in the morning in full panic mode... permalink fedilink source parent hideshow 4 child comments replies: [–] pedestrian@links.hackliberty.org 15 points 2 years ago I mean, if my cheque was off by a couple of hundred dollars, I'd want to follow up on the discrepancy (not in panic mode though). My wife's a high earner and some pay was delayed a month due to staff turnover. Leadership was like "it shows financial stability to be able to wait for pay," but people have budgets and plans for that money. Otherwise it's an interest free loan to the organization - the money should be paid out timely. But I do agree, overall, that folks should be able to manage their budget, especially as a high earner. permalink fedilink source parent [–] ohlaph@lemmy.world 5 points 2 years ago (1 child) That's wild to me. permalink fedilink source parent hideshow 2 child comments replies: [–] Kecessa@sh.itjust.works 5 points 2 years ago* (1 child) 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... permalink fedilink source parent hideshow 2 child comments replies: [–] laxu@sopuli.xyz 1 point 2 years ago 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. permalink fedilink source parent
[–] pedestrian@links.hackliberty.org 15 points 2 years ago I mean, if my cheque was off by a couple of hundred dollars, I'd want to follow up on the discrepancy (not in panic mode though). My wife's a high earner and some pay was delayed a month due to staff turnover. Leadership was like "it shows financial stability to be able to wait for pay," but people have budgets and plans for that money. Otherwise it's an interest free loan to the organization - the money should be paid out timely. But I do agree, overall, that folks should be able to manage their budget, especially as a high earner. permalink fedilink source parent
[–] ohlaph@lemmy.world 5 points 2 years ago (1 child) That's wild to me. permalink fedilink source parent hideshow 2 child comments replies: [–] Kecessa@sh.itjust.works 5 points 2 years ago* (1 child) 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... permalink fedilink source parent hideshow 2 child comments replies: [–] laxu@sopuli.xyz 1 point 2 years ago 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. permalink fedilink source parent
[–] Kecessa@sh.itjust.works 5 points 2 years ago* (1 child) 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... permalink fedilink source parent hideshow 2 child comments replies: [–] laxu@sopuli.xyz 1 point 2 years ago 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. permalink fedilink source parent
[–] laxu@sopuli.xyz 1 point 2 years ago 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. permalink fedilink source parent