A Shocking Number of Higher Earners Still Live Paycheck to Paycheck
A large number of Americans live paycheck to paycheck -- meaning they have zero wiggle room in their budgets for unplanned expenses and are often forced to wait until an upcoming paycheck arrives to pay existing bills. For low or even moderate earners, that's understandable. When you're barely making above minimum wage or you're doing a bit better but have a large family to support, it's easy to see how you'd land in a situation where you max out your earnings month after month.
But new data from Willis Towers Watson reveals that it's not just low- or middle-income households who uphold the paycheck-to-paycheck lifestyle. Rather, an alarming 18% of people earning more than $100,000 do it, as well. And that's troubling on so many levels.
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Source Fool.com
