'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

return2ozma@lemmy.world · 11 months ago

'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

SeaJ@lemm.ee · 11 months ago

I live in Seattle. Like I said, I can see this being true for people who got a mortgage at 5+%. But I don’t think a third of people got houses at that rate so it would likely be closer $3k. Here the average 3br is around $3k/month.

But you missed one large part of the headline. It’s people making $150k or more. So that includes a ton of people that make more than that. And also a ton of people not in SoCal or other HCOL areas.