▲ 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
[–] 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