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https://www.ibtimes.com/why-do-6-figure-wage-earning-americans-live-paycheck-pa…

International Business Times

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The International Business Times is an online global business newspaper based in New York City, comprising 10 national editions and seven languages. The publication, sometimes called IBTimes or IBT, offers news, analysis and editorial commentary on business and business-related stories[2] It is ranked by Alexa as the sixth-most visited site among business newspapers.

Launched in 2005, IBTimes was created to provide news services to the international business community. It is a privately held company and still owned by its co-founders Etienne Uzac and Johnathan Davis. Its headquarters are in the former Newsweek offices in the Financial District of New York.

Source: Wikipedia
http://en.wikipedia.org/wiki/International_Business_Times

Type of Content
Approved Story
1
Format
Region
News Item Format
Standard

Low-income Americans are no longer the only ones living paycheck to paycheck. High-income earners have a hard time balancing the family books, too.

According to a recent LendingClub report, as of August, 45% of Americans who make six figures are living paycheck to paycheck, up from 38% a year ago.

That's a shocking finding for two reasons. One, America is among the world's most affluent economies. Thus, one would expect people to afford to save money rather than barely getting by with what they earn. And two, living paycheck to paycheck should be confined to low-earnings Americans, as the money they earn is barely enough to cover living expenses, but not to high-earners.

The apparent reason behind this is rising inflation, which runs at a 40-year high, squeezing family budgets across almost every income bracket. "Living paycheck to paycheck implies barely having enough to carry money to the next month," Lyle Solomon, principal attorney at Oak View Law Group and a personal finance expert and advisor, said in an email to International Business Times. "No doubt, the current economic scenario has made this situation even more stressful."