'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

@[email protected] · 1 year 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

@[email protected] · 1 year ago

Speaking anecdotally, I’ve always heard “living paycheck-to-paycheck” to mean having insufficient savings to cover a missed paycheck

I.e. if you don’t get an expected paycheck then you cannot pay your monthly debts/utilities/rent and still have enough money to feed.yourself and your dependents

@[email protected] · 1 year ago

I think that’s the point though. It’s subjective.

Many people think the phrase applies to them because paycheck to paycheck is their budget cycle. They’re not living hand to mouth.