48% earning $100,000 now living paycheck to paycheck (suspect, insurance, cost, private school)

[InformedConsent]

More and more people are feeling the Bidenflation pinch, but how in the hell can nearly half of those earning $100,000+ barely keep their heads above water?

"Sixty-four percent of Americans are living paycheck to paycheck as of January 2022, the study found - a 3 percent increase from December 2021 and a 12 percent increase from April 2021.

The survey found that among those earning more than $100,000, 48 percent said they were living paycheck to paycheck, an increase from 42 percent in December 2021. The number has increased since May 2021 when 39 percent of six-figure earners said the same."

https://thehill.com/changing-america...00k-are-living

[Arya Stark]

it has gotten totally out of control -- EVERYONE is price gouging.

It cost more for my cats ultrasound than it cost for MY ultrasound.

[illtaketwoplease]

inflation is just getting started...

[Tigger84Ag]

It cost the same for me having a tooth pulled as my dog. I was shocked.

[AZLiam]

Originally Posted by Arya Stark

it has gotten totally out of control -- EVERYONE is price gouging.

It cost more for my cats ultrasound than it cost for MY ultrasound.

I agree.

My dog's echocardiogram cost more than mine.

[antinimby]

More and more people are feeling the Bidenflation pinch, but how in the hell can nearly half of those earning $100,000+ barely keep their heads above water?

Car payments, house payments, credit card debts, private schools tuition, property taxes, higher income tax brackets, medical insurance, etc.

Told you all that if you are middle income earners, the Democrats were gunning for your wallets but you suburban folks thought you were immune to their policies and thought it was more important to virtue signal your liberalism to your friends and neighbors.

You get what you voted for.

[beach43ofus]

Most of those people live in ultra high cost-of-living places like Hawaii, CA & NYC. $100k in those places isn't much after housing & taxes are paid.

The rest are just very poor money managers, & lack self-discipline.

And yes, I agree that this inflation will continue to increase, and be w/ us until the Feds reduce spending....Feds reducing spending ROFL

[illtaketwoplease]

We all get what they voted for. Tried to tell them but their hatred of Trump blinded them.

[Toxic Waltz]

Oftentimes people who make more also pay more bills, but I suspect there's more at play here in this case.

[antinimby]

It’s all going according to the Left’s plan of the Great Reset: use socialism/wealth redistribution to bring the middle and upper classes down to the level of the lower classes so everyone is dependent on one party, the Democrat Party.