What the rich and poor have in common: They say they're living paycheck to paycheck
Source: Business Insider ·
Survey results show that Americans at opposite ends of the income spectrum are more likely to be living paycheck to paycheck than those in the middle.
From the source
Americans at the top and bottom of the income distribution are feeling stressed.Natalia Lebedinskaia/Getty ImagesHigher- and lower-income Americans are more likely than those in the middle to say they're living paycheck to paycheck.The top and bottom also struggled with making credit card payments and are delaying financial goals.Lifestyle creep is one reason high earners are feeling anxious.Low and high earners have at least one thing in common: they're more likely than those somewhere in the middle to say they're living paycheck to paycheck.A July survey of over Americans by Goldman Sachs Asset Management and behavioral economics firm Escalent showed about 61% of working respondents with less than $50,000 said they're primarily living paycheck to paycheck, meaning they struggle to save or make progress toward long-term goals. The share dropped to 22% for those with $100,000 to $200,000 but rose to about 37% for those with more than $500,000."Financial security as reported does not…