Jan 10, 2019
11:08:58am
11:08:58am
At what age do you think the average person should have their finances in good enough order to not be living
"paycheck to paycheck" (note that I'd bet that people with some money in the bank would still answer a survey and say they are living "paycheck to paycheck")?
Don't we expect that people younger than 30 are living paycheck to paycheck? I'm curious how people 80 years old, who don't have paychecks are classified in this data - if you have a $500k annuity and with SS you have a total of $4k/month in income and you spend $4k/month are you telling people you are living "paycheck to paycheck"?
Isn't the plan for most people to use all of their cash when they're young and have small kids at home... and then fund their retirement when they are older (making the most money of their career and their kids are out of the house). And... is that model for them crazy?
What I'd like to see is how many of our 60 year olds are living paycheck to paycheck and then compare that with other world economies.
Don't we expect that people younger than 30 are living paycheck to paycheck? I'm curious how people 80 years old, who don't have paychecks are classified in this data - if you have a $500k annuity and with SS you have a total of $4k/month in income and you spend $4k/month are you telling people you are living "paycheck to paycheck"?
Isn't the plan for most people to use all of their cash when they're young and have small kids at home... and then fund their retirement when they are older (making the most money of their career and their kids are out of the house). And... is that model for them crazy?
What I'd like to see is how many of our 60 year olds are living paycheck to paycheck and then compare that with other world economies.
Originally posted on Jan 10, 2019 at 11:08:58am
Message modified by HarlemCoug on Jan 10, 2019 at 11:11:03am
Message modified by HarlemCoug on Jan 10, 2019 at 11:12:35am
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1/10/19 10:54am
True for 99% of the world. It's difficult to earn far more money than you need. Otherwise, everyone would do it.
1/10/19 10:56am
1/10/19 10:57am
Tell that to the single mother of 3 who already lives in a crap hole and barely breaks even. If only she'd eat beans
1/10/19 11:01am
1/10/19 11:02am
70% of African-American children are born to single mothers. But they're just outliers. They'll get over it.
1/10/19 11:30am
1/10/19 11:34am
1/10/19 11:42am
1/10/19 11:44am
1/10/19 11:45am
1/10/19 11:58am
1/10/19 11:29am
1/10/19 11:02am
1/10/19 11:09am
1/10/19 3:23pm
1/10/19 11:04am
Seems difficult for most considering most don't/can't accomplish it. Congrats on what you're able to do.
1/10/19 11:05am
1/10/19 11:07am
1/10/19 10:59am
1/10/19 11:01am
1/10/19 11:29am
1/10/19 11:50am