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We’ve already explained this. If you are truly living paycheck to paycheck, that means you are spending all of your money between paychecks, with no money for emergencies and no savings account. If you can comfortably pay your bills, and you can save enough money to build up a $12,000 savings, you likely aren’t living paycheck to paycheck. The “living comfortably” group also stated that they would be able to pay for a $400 emergency with cash. That is not living paycheck to paycheck. But then again, you know this already. Because we’ve explained this already. Multiple times.
No. You're wrong. The study clearly explains that living paycheck to paycheck is done by both those who may have savings and those who don't.
The key thing to remember about living paycheck to paycheck is that one's bills/spending meet or exceed one's income. That's living paycheck to paycheck.
I'd advise you, too, to read the data presented in Figure 4.
No. You're wrong. The study clearly explains that living paycheck to paycheck is done by both those who may have savings and those who don't.
The key thing to remember about living paycheck to paycheck is that one's bills/spending meet or exceed one's income. That's living paycheck to paycheck.
I'd advise you, too, to read the data presented in Figure 4.
Uh huh, then explain how they have savings?
Based on what you just said, they would have no discretionary income and therefore no savings.
Here’s the truth. You didn’t actually read the study, did you? Because up to this point, you never quoted anything from the study. And the things that you said were in direct contradiction to what the study was saying. Now, the only thing that you ever seem to “is figure for. But there a heck of a lot more figures then just figure 4. What does figure 10 look like? What does it say there? Exactly how did they decide who was living paycheck to paycheck? Did they actually do a study on it, or did they just take everybody’s word for it? This is important question because if we can’t operationally define living what living paycheck to paycheck is, then the whole purpose of the study is bunk.
You're embarrassed that you've been proven wrong. The data shown in Figure 4 is quite clear. And it's what I've been saying this entire thread.
What do you think having zero discretionary income means? Living paycheck to paycheck. The respondents were able to figure it out. Why can't you?
Nice deflection. Care to answer the question of how they suddenly went down to nothing on discretionary income. I'm looking forward to your answer so you can commit to something instead of look at figure 4.
Nice deflection. Care to answer the question of how they suddenly went down to nothing on discretionary income. I'm looking forward to your answer so you can commit to something instead of look at figure 4.
Inflation. Their expenses have increased. It's affecting everyone, even those who earn more than $100,000.
how in the hell can nearly half of those earning $100,000+ barely keep their heads above water?
There's lifestyle creep, which I won't defend except to note that it's real and it can sneak up on you. But the real reason is that a lot of parts of the country are Uber expensive. Anywhere on the west coast and in the northeast, $100k for a household isn't much.
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