One-Third of Americans Making $250,000 Live Paycheck-to-Paycheck

[Epic]

More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.

Some 36% of households taking in nearly four times the median US salary devote nearly all of their income to household expenses, according to a survey by industry publication Pymnts.com and LendingClub Corp.

It’s particularly true among millennials, who are now in their mid-20s to early 40s: More than half of top earners in that generation report having little left at the end of the month

https://www.bloomberg.com/news/articles/2022-06-01/a-third-of-americans-making-250-000-say-costs-eat-entire-salary

[Kamred]

4 minutes ago, Epic said:

More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.

Some 36% of households taking in nearly four times the median US salary devote nearly all of their income to household expenses, according to a survey by industry publication Pymnts.com and LendingClub Corp.

It’s particularly true among millennials, who are now in their mid-20s to early 40s: More than half of top earners in that generation report having little left at the end of the month

https://www.bloomberg.com/news/articles/2022-06-01/a-third-of-americans-making-250-000-say-costs-eat-entire-salary

All Indians making 250K easy these days 

[Aghori]

They need better financial planning then, dont blame inflation.

[Telugodura456]

250k is barely enough  with 6k taxes , 3k mortgage, 1k council  taxes, 1k non-food related living expenses, 1k 529 savings, 2k 401k savings, , 2k credit card bills, 1-2k accidental bills and entertainment and travel. It all came to about 18k and 250k is just 20k. One big expense a year can easily take it off.

[Telugodura456]

1 minute ago, Telugodura456 said:

250k is barely enough  with 6k taxes , 3k mortgage, 1k council  taxes, 1k non-food related living expenses, 1k 529 savings, 2k 401k savings, , 2k credit card bills, 1-2k accidental bills and entertainment and travel. It all came to about 18k and 250k is just 20k. One big expense a year can easily take it off.

In fact if 250k is shared between a couple then make 401k savings as 4k then almost khatam. pay check to pay check.

[Telugodura456]

we need 350k ba to live like a rich guy who can spontaneously throw a party or decide to fly away for a weekend once in a while or max out credit card once a month in some expensive restaurant.

[veerigadu]

Luxury cars

Mansion houses

Dream vacations for every 6 months

Designer clothes

Everyday food at five star restaurants

elite memberships in gyms, beauty salons and spas. 

Ivvi anni chesinakaaa 250K saripovatleee aneeee yedusthunnara???

[ARYA]

 e lekkana ma lanti $30/hr batch paristhithi entanna @TOM_BHAYYA

[Sarvapindi]

13 minutes ago, veerigadu said:

Luxury cars

Mansion houses

Dream vacations for every 6 months

Designer clothes

Everyday food at five star restaurants

elite memberships in gyms, beauty salons and spas. 

Ivvi anni chesinakaaa 250K saripovatleee aneeee yedusthunnara???

avanni seyalante 500k kaavale va

[appaji_pesarattu]

9 minutes ago, ARYA said:

 e lekkana ma lanti $30/hr batch paristhithi entanna @TOM_BHAYYA

nuvvu @TOM_BHAYYA ni asking highlight of this thread.. ayana 80% dobbesi neeku 20% istunadu... he is Vijay Malya of midwest

[sarvayogi]

earn more..save more...live minimal...deadly combination

[Fish]

2 -:3 house mortgages kattali ga mari….end of month Inka emi miguluthundi mari 

[FLraja]

47 minutes ago, Telugodura456 said:

250k is barely enough  with 6k taxes , 3k mortgage, 1k council  taxes, 1k non-food related living expenses, 1k 529 savings, 2k 401k savings, , 2k credit card bills, 1-2k accidental bills and entertainment and travel. It all came to about 18k and 250k is just 20k. One big expense a year can easily take it off.

Orey manishivena mottam savings ni expenses laga cheppi zero antav?

meeda list lo naku 3k expenses matram kanipistunnay

[kittaya]

1 hour ago, Kamred said:

All Indians making 250K easy these days 

Cha antha ledhi... 

[kittaya]

33 minutes ago, sarvayogi said:

earn more..save more...live minimal...deadly combination

Pay taxes more