Once coveted six-figure salaries are struggling to keep up with today’s cost of living, with more than half of people who are making six-figures still living paycheck-to-paycheck, reflected in a new study. As rampant inflation pervades the economy, with it sitting at 6% in February, the study done by the financial advice company, SmartAsset, acknowledges that even high-earners are struggling to build wealth, especially in pricier cities.
Why So Many People With Six-figure Salaries Are Living Paycheck-to-paycheck
Anisha Kohli, Time
Thu, 03/16/2023 - 2:38pm
Topics: february december pymnts lending club smartasset&rsquo u.s using community economic research honolulu hawaii san francisco washington d.c long beach los angeles tennessee el paso texas zippia&rsquo smartasset using u.s new york california memphis oklahoma zippia americans people six-figure salaries living paycheck-to-paycheck cost cities tax study earn financial income struggling year earning advice prices live state salary amount earners class accounts data average advising rich company retirement
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