'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 gap - eviltoast
Some say they won’t be able to pay off their credit cards by the end of the year.
  • Kecessa@sh.itjust.works
    72·
    1 year ago

    Especially considering that at the time they could have just bought a house minutes from their office on a year’s salary instead of being over their head in debt because they preferred living in the next city in a house worth a couple millions…

    • laxu@sopuli.xyzsuomi
      1·
      1 year ago

      That’s why lifestyle creep is a tough one. You make more money and then start thinking you want a bigger home, nicer car, eat out a lot more etc. It’s hard to scale back from that when the times get tougher as selling a multi-million home isn’t that easy.