LogFAQs > #976316536

Edit: This isn't me being judgemental as I have some these stuff listed as well. It is just an observation.

Wow

Information gathered in a June survey conducted by the personal finance software firm Quicken indicates that 32% of individuals in the United States with annual incomes of at least $150,000 are presently experiencing a situation where they rely on each paycheck to cover their expenses. In comparison, 36% of those earning between $50,000 and $150,000 annually and 55% of households earning less than that income threshold reported being in a similar paycheck-to-paycheck financial position.

I have a few guess on why and the biggest two are inflation and lifestyle creep. Lifestyle creep is that if you make more money. You spend more on higher quality things in life. I always notice, that our bill is different from a few decades ago.

• Casual dining is heavily look down on now a days - Lifestyle Creep (LC from now on)
• We have bills such as the internet and streaming service (new Bills -NB)
• More of us are " health conscious " so we have gym bills and eat healthier and more expensive bills (LC and NB)
• We show off for friends (LC)
• We buy new phones every two or three years (both?)
• We having gaming subscription (bothish?)
• We eat out more in general.
• We are not getting married or there is less marriage. Therefore, not combining income.
• We take more vacations (LC)
• Inflation - but that's not our fault
• Employers drag their feet on paying us right.
• We get tax hard, right in the tax area.
• Corporation, knows how to get money out of our pocket due to psychological tactic and social media data
• Social Media hyperinflate the luxurious lifestyle. Thus influencing poor Ole us more.

Source: https://tinyurl.com/ync9s75b