A third of people earning $250,000 or more live paycheck to ...

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Living paycheck to paycheck can mean one of two things, according to this report. “The first one is people that manage to pay all their bills, ... Skiptocontent HowWeSurviveSecretMoney,PublicInfluenceThisIsUncomfortableI'veAlwaysWondered...MakeMeSmartDaily Yourbrowserdoesnotsupporttheaudioformat. Loading... MoreFromThisShow 0:00 / 0:00 0%played Athirdofpeopleearning$250,000ormorelivepaychecktopaycheck SamanthaFieldsJun3,2022 Heardon: ListenNow Facebook Twitter LinkedIn Email https://www.marketplace.org/2022/06/03/a-third-of-people-earning-250000-or-more-live-paycheck-to-paycheck/ COPYTHELINK Share COPY HTMLEMBED Download Evenhighearnersorpeopleconsideredtobefinanciallyhealthycanstrugglewithbills,accordingtoanewreport. GettyImages Athirdofpeopleearning$250,000ormorelivepaychecktopaycheck SamanthaFieldsJun3,2022 Heardon: Evenhighearnersorpeopleconsideredtobefinanciallyhealthycanstrugglewithbills,accordingtoanewreport. GettyImages ListenNow Facebook Twitter LinkedIn Email https://www.marketplace.org/2022/06/03/a-third-of-people-earning-250000-or-more-live-paycheck-to-paycheck/ COPYTHELINK Share COPY HTMLEMBED Download Ourweekly“EconExtraCredit”newsletterisanunexpectedwaytolearnabouttheeconomy,onedocumentaryfilmatatime.Signuptowatch,andlearn,withus. Emailaddress * Subscribe NearlytwothirdsofAmericansarelivingpaychecktopaycheck,comparedtoabouthalfwhosaidthatthistimelastyear. That’saccordingtoanewsurveyoutthisweekfrome-commercenewssitePYMNTS.comandthedigitalbankLendingClub.  Aboutathirdofthosemaking$250,000ormorearelivingpaychecktopaycheck. Livingpaychecktopaycheckcanmeanoneoftwothings,accordingtothisreport. “Thefirstoneispeoplethatmanagetopayalltheirbills,butattheendofthemonth,theyhavenothingleft.Andthentheotherpartisobviouslythosewhoarestrugglingtopaytheirbills,”saidAnujNayar,atLendingClub,addingthatmosthighincomepeoplewholivepaychecktopaycheckhaveenoughtocovertheirexpenses–butnotmuchelse.                                   “Oneoftheadvantagesthathigh-incomeAmericanshaveistheydohavemoreflexibility.Butthey’vealsotakenonalotmoredebt,”saidNayar,whetherthat’samortgage,carloans,studentdebt,orcreditcarddebt. “Alotofpeopleassumethatfolkswhomakemoremoneyaremorelikelytobefinanciallyhealthy.Butourresearchfindsthatthat’snotnecessarilythecase,”saidMeghanGreenewiththenonprofitFinancialHealthNetwork.“Whenwetalkaboutfinancialhealth,we’retalkingaboutindividualswhoareabletomeettheirday-to-dayexpenses,they’reabletosaveandplanforthefuture.Andthey’reabletopursuelongertermopportunities.” Inflation,shesaid,ismaking all ofthat harderforpeopleacrosstheincomespectrum.  StoriesYouMightLike SmallbusinessownerseyeasecondPaycheckProtectionProgramloan Minimumwageincreasesforworkersinmorethan20statesthisyear NewPaycheckProtectionProgramwillhavemorerestrictionsthanthefirst Howonesmallbusinesspivotedwhenitcouldn’tgetaPPPloan LoanforgivenessnotcomingeasilyforsomePPPborrowers ManyyoungerBlackAmericansstartedinvestinginthestockmarketduringthepandemic There’salothappeningintheworld. Throughitall,Marketplaceishereforyou.  YourelyonMarketplacetobreakdowntheworld’seventsandtellyouhowitaffectsyouinafact-based,approachableway.Werelyonyourfinancialsupporttokeepmakingthatpossible.  Yourdonationtodaypowerstheindependentjournalismthatyourelyon.Forjust$5/month,youcanhelpsustainMarketplacesowecankeepreportingonthethingsthatmattertoyou.  AlsoIncludedin TagsinthisStoryFinancialhealthInflationPaychecks SharethisStory LatestEpisodesFromOurShows 6:05PMPDT 18:05 3:51PMPDT 27:36 1:35PMPDT 1:50 7:38AMPDT 8:07 Oct19,2022 7:20 Oct13,2022 43:55 Oct19,2022 34:18 ReadMore Whatthestockmarketissignalingaboutthefutureoftheeconomy ReadMore Tesla'smovetosellcarsontriballandshighlightssovereignty ReadMore MarketplaceMorningReport SometaxrelieffromtheIRS,courtesyofinflation ReadMore MarketplaceTech Canyourworkplacestoreyourfingerprintorfacialscandata? Gotomobileversion



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