78% of People Live Paycheck To Paycheck. Does This Include You?
Living above your means leads to inevitable financial failure
“A 2023 survey conducted by Payroll.org highlighted that 78% of Americans live paycheck to paycheck, a 6% increase from the previous year.
In other words, more than three-quarters of Americans struggle to save or invest after paying for their monthly expenses (Source: Forbes).
Living above your means is common practice, which is why most people are in debt. And it’s relatively easy to continue living above your means, in the world that prioritizes financing.
- You can finance your car with a car note.
- You can finance your life with credit cards.
- You can finance your home with a mortgage.
- You can finance your education with student loans.
Most live above their means.
Key Message: What is the outcome of living above your means? You never build wealth. You’re constantly subtracting from your net worth, which leads to inevitable financial failure.
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This article is for informational purposes only. It should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any significant financial decisions.
