Why High Income Earners Go Broke: 5 Wealth Killers
An investigative look at the paradox driving 51% of six-figure salaries into living paycheck-to-paycheck
If you find yourself among the 51% of Americans earning $100,000 or more per year who are still living paycheck-to-paycheck, you’re probably wondering — how did this happen? How can someone making a six-figure salary be broke? As counterintuitive as it sounds, a high income is no guarantee of wealth accumulation.
In an eye-opening survey, Americans across income levels revealed a startling disconnect between earnings and perceived financial comfort. Those earning under $35,000 per year said on average they needed just $184,000 in total income to feel truly comfortable. But for those already earning over $100,000? Their target “comfortable” income level skyrocketed to $341,000.
So what’s going on here? Why are so many high earners, despite their lofty salaries, still struggling to get ahead? This investigative blog dives deep into 5 key factors driving this income-wealth paradox.
Spending Your Raise Before You Get It: The Lifestyle Inflation Trap
For many professionals just entering the upper-income brackets, their current high earnings…
