return2ozma@lemmy.world to News@lemmy.world · 10 months 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 gapfinance.yahoo.comexternal-linkmessage-square277fedilinkarrow-up1545arrow-down119
arrow-up1526arrow-down1external-link'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 gapfinance.yahoo.comreturn2ozma@lemmy.world to News@lemmy.world · 10 months agomessage-square277fedilink
minus-squareDaqu@feddit.delinkfedilinkarrow-up3arrow-down1·10 months agoYou get used to the money and spend more until you are broke. Maybe it’s peer pressure, irresponsibility or a lack of financial education.
minus-squarezeze@lemm.eelinkfedilinkarrow-up6·10 months agoIn other words, something within your control. You can’t budget your way out of the income from a minimum wage job, but at $150k it’s very easy to manage.
You get used to the money and spend more until you are broke. Maybe it’s peer pressure, irresponsibility or a lack of financial education.
In other words, something within your control.
You can’t budget your way out of the income from a minimum wage job, but at $150k it’s very easy to manage.