The data show[] that 48% of consumers earning more than $100,000 per year reported living paycheck to paycheck in January 2022 — up from 42% in December 2021.
We make about 130K per year, and I still put 22k a year in my 457b, and a few thousand in the Roth.
Well, if you save too much, you may very well be living paycheck to paycheck!
It’s easy to spend that much on a nice car, a big house, fancy phone, and dining out all the time. That’s what they call “living the dream”.
P2P (zero savings) is about the worst budget decision ever. It can sort-of work in really good times. These aren’t really good times.