Can you say “live within your means,” your real means, not the credit means. Nearly everyone who claims to live paycheck to paycheck, has a spending problem as much, if not more, than an earning problem.
As of April, 61% of consumers said they are now living paycheck to paycheck, according to a LendingClub report. Even top earners are stretched thin, the report found. Of those earning $250,000 or more, 36% said they live paycheck to paycheck.
“Earning a quarter of a million dollars a year is more than five times the national median and is clearly high income,” said Anuj Nayar, LendingClub’s financial health officer. “The fact that a third of them are living paycheck to paycheck should surprise you.
“These high-income earners have an average FICO score of 758,” Nayar added. “They are creditworthy but they have higher financial obligations and are more likely to leverage their capital to finance their lives.” Consumers who are struggling to afford their day-to-day lifestyle tend to rely more on credit cards and carry higher monthly balances making them financially vulnerable, the survey said.
Source: Wealthier Americans live paycheck to paycheck after inflation spike
QUINNSCOMMENTARY 
This living paycheck to paycheck thing is just a scam to blame someone or something for people’s irresponsible
spending.
I have always lived ptp, and now with just $40K in retirement income, I have been able to invest $10K in I-Bonds, this year and will continue to do so each and every year. I have to say NO extra spending to myself and wife all the time. For too many years I used debt to maintain my lifestyle, now I use Credit Cards with zero interest or for cash back rewards. I have not paid interest to the Banksters in over 5 years.
If I can do it, I wonder why someone with $250K is living way above their income
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A survey should always be taken with a “maybe, maybe not” viewpoint but it is true enough that most people need a regular income to keep afloat. With the rapidly escalating gas and energy prices I’m not surprised that credit card balances ticked up. Food, rent as well.
The quarter mil crowd mentioned prominently have the same reasons as well as other pressures to keep in mind. When you live in a neighborhood of equal or higher income people, you keep pace. That’s just life. Also 250k may not be a stable year in year out but could fluctuate depending on the individual. Also, how long has the person been earning 250k. None of that is covered in the survey.
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