“If you are bound and determined to spend all you make, all income levels are just enough to “get you by”.
I had a summer job in the collection department of a bank back in the late 70’s. My job was to make reminder calls for people with past due payments. It was amazing how many of the town’s elite had payment issues. I am guessing it hasn’t changed all that much over the years.”
Truth, with the only caveat being that some of those people come from wealthy families and will inherits $millions so they don’t bother with saving, that’s for peons.
Well there is that. If collections went past due after a month or so for big shots, the Rolodex file was sent up the chain of command to deal with it...