Someone could be Making 250k and absolutely be living paycheck to paycheck.
Yes, I agree with your sentiment that its "different" than being "poor" but that's the media for ya.
Yes, I agree with your sentiment that its "different" than being "poor" but that's the media for ya.
The guy making 250K a year isn’t worried about not being able to put food on the table. But maybe he has a monthly car payment that is more than the person making 28k a year pays per month in rent.
But that’s only because I’m automatically investing 70% of my paycheck so I never have more than a few weeks of expenses in cash.
I can imagine getting very biased results depending on how to survey is worded.
In my case, an unexpected expense just means I take a short term margin loan against my portfolio (at an insane interest rate) until my next paycheck.
The point of my comment was that wording of survey questions can result in biased results.
I don't think you're grokking the common definition of "paycheck-to-paycheck", or are willfully ignoring it to make a point (and doing so poorly).
The point I’m trying to make is bias in surveys
Woe is me, after paying for my eight children's horse riding lessons, getting an opera house named after me, and paying for the handmade rigging that my yacht's crew say urgently needs to be replaced, I'm barely making ends meet! Why won't Biden do something about the outrageous increases in the cost of helicopter fuel?
Am I living paycheck to paycheck?
That said even if someone in a low CoL area is pulling 250k, it's not "horseriding lessons eight kids and a yacht" money, not unless the individual/couple in question is drowning in debt.
Don't get me wrong, $250k isn't a "struggling" salary anywhere but it's also not past the threshold where one can stop being responsible with money and blow it on wealthy people things on the regular, especially if that's joint income from a couple with kids.