Study: 60% of millennials making 6 figures feel they live paycheck to paycheck 

I'll be living paycheck to pay check, but at least I get the luxury to max out my Roths. Most people don't even have the luxury of doing that.

thank you. This just irked me.

@Santrez B being stupid with money vs actually living paycheck to paycheck with bills past due and eating a box of off brand macaroni and cheese for dinner 4 nights a week

@Santrez B nowhere in America is it too expensive to live comfortably making $100,000+/year. Everywhere in America is too expensive to live comfortably making less than $50,000/year

@@MyHandelsMessiah exactly!

Say it again for the people in the back 😅

Lemar, fo realz

I know the struggle.

👏🏼💯

Facts

Exactly

Bingo

Crypto the means to financial freedom ✌

Virgin troll spotted

lol yeah stop traveling

Or April 1st….

Lol, yep! Until you realize these people are for real. They need a healthy dose of reality

😂

this is a manipulation of the stupid video ?

Best comment 😆

You sound like a sensible person. I completely agree with you. 😂

@@transphotography thanks 😊

Hess indeed!!!!😂😂

Period! I fell out when she's talking about her Gucci belt 🤣

Omgoodness this is the best description 😂😂😂

Bunch of rich people wanting some victim time because they can't handle the truth that they are weak and easily manipulated into doing things they shouldn't like buying something expensive to match a friend's

Agreed.😂😂

LoL

Ridiculous yes it is..

Agreed.

I second that, they should’ve interviewed “actual people” who are experiencing living paycheck to paycheck. Hands down not people who appear to be doing pretty decent financially. Only to just be whining and complaining, I’m sorry I watched this full interview, smh. 😑

Amen

Disgraceful? A bit dramatic. As a person who was actually homeless living in a shelter while having a full-time job, I’m not offended at all. The cost of living is high. I dropped out of college because it costs too much and the financial aid is really a joke. I no longer live in a shelter (that was many moons ago) but rent/utilities living in a big city has it’s costs. Im glad I don’t have kids because I’d struggle financially.

Harper Grace@They need to get on the Dave Ramsey diet

Preach

Agreed! Most people do not make that kind of money and are doing financially well. You need to make good choices....going to a public college instead of private schools saves a boat load of money, buy a used instead of new car, eat at home and bring your own lunch instead of eating out, stop going to Starbucks. ...every little helps to save money and aquire wealth. Hard to feel empathy for those who aren't willing to make the sacrifices to get out of debt and stay out of debt.

What! You have no idea what you’re talking about

@@dianepereira1860 but what if you live at a place where living expenses are higher?

@@davidhansen1311 Even if living expenses are higher in certain areas, you can always find ways to cut back. Buying used vs new, stop going out to eat in restaurants, bringing a bagged lunch to work and brewing your own coffee, menu planning dinners around what's on sale at the grocery store. These are just a few ways to save money. If the area is way too expensive to make ends meet, one can always relocate to a less expensive area. There are a multitude of RU-vid channels that give great ideas on how to save money.

Proof that college is a waste of money!

😂🤣😅😆 lmao

No when watching this i wonder if its actors or how can they be so out of common sense, freaking insane, they feel so dumb so naive, 🤣

🤣🤣

Facts hahah. No financial education, but they have the finances 😂😂

it's simple, the number on splurge people like to make is that 5-6k luxury apartment that they don't get to enjoy. All they use it for is to go home and sleep.

That doesn’t seem fair that there are people with more money.

If I made 300k I would live in a trailer and bank.

@@chuckdarwin6887 welcome to the oilfield.

Too much TV, frigging idiots.

One word big spenders.I am pushing towards an 350k networth and I have 700 credit score and I only earn 65k a year.And a rental expense of 700.And I am 39 year old.I save aleast 30k a year.

I know someone who is earning six figure but struggling to find an apartment under $3000 in NYC that has easy commute to work

@websurfer boo hoo. Cry me a river.

@@pedrokantor3997 beggar

Lol, who tf even saves two year to get that, the below common sense is ridiculos

Hurl time

🤣😂🤣

@@Integratedsful really lol...smh..

Christopher Walsh....smh... you'll learn one day the hard way... ❄️

They glossed past it, but Instagram culture & complete inability to recognize the BS/fakery that people put out as their social media "lifestyle" seems to be a big part of this. That and financial illiteracy :(

😆😂😭💀 so true! Best comment on here!

Damn right!

I laughed so loud!

Its a bit reductionist, true they are at fault, but there are crucial points covered that are important for whole of society. For example - social media has made it that we feel the need to compete, that is not an individual issue but our issue as a society. Therefore, we need to hear the story with an open mind, and not everytime we see people making more than minimum as you should have no problem because that kind of thinking does not benefit anyone.

And they think the rest should pay for their misunfortuned

McDonald's can help you, they will pay for college.

My sister never paid hers off 😂🤣

@@njm5991 No it wouldn't. Also I don't even have a collage degree.

Dude you ain't lying.My networth is more than 6 figures but I earn half as much as them.GTFOH.

Great comment 👍👍 especially without kids lol 😆🤣

yeah. dont travel.

@@brettthomas6327 hold yea I feel if u make 6 figures u can make it. You just living above your means but one thing ima say ppl think cause ppl don't got kids we should have it all together and for one we can't. If it's only you paying the bills and to make it clear we lose our job we can't go tell the landlord we lost our job and still be able have a roof if we lose our job we lose everything so stop with the no kids bs cause yall get benefits, ebt and government help yall with money and plus yall work and yall have help but yall ppl with kids still struggling which ion know how when u getting all the help in the world smh.

100k a year is take home pay of 5500 a month. The average bills for a single person is 3200 a month. At best your going to save 2k a month. Assuming nothing goes wrong in your life, it would take 15 years to save enough to buy a average starter home, of course in 15 years the home will cost even more so in the end you have nothing

Noooooooo. Wa are entitled to. I want to drive a Ferrari.

Right . The trade off you made 290 then. So what do you do with rest. Is it all in material things or investments🤔 honestly what are they doing with their money.

@@queenruth2109 they probably live in a high cost of living city. So I would probably save for two years while renting. 50% stocks, 50% cash. Then, use the cash for a down payment for a mortgage on a nice house. Once the mortgage is achieved, I would dump the rest of my cash into stocks while maintaining a 20k emergency fund. These people make it harder on themselves with their car payments, Gucci bags, and obsessive postmates and Uber eats 3 times a day. All of that will make you poor really fast.

@@queenruth2109 the $10,000 tax bill was likely in addition to taxes they already paid out of their weekly checks. The tax rate is 30-40%, give or take, varies by state and local income taxes so around April 15th they were hit with an additional $10k bill. No one who "makes" $300,000, at least from a normal income keeps $290,000. It's probably ~$150,000 after 3 levels of taxes (fed, state, city) and Social security deductions.

Even then, if you're over spending, you're not rich. Many people (especially these "HENRYs" fail to realize that wealth is based on what you own, not what you make).

💯

The term HENRY. Is really so hilarious. Sadly there's actually people living paycheck to paycheck

Great Job man. You said it all right there! 👍

​@@romerocondino9938​ the term Henry is so funny. I literally laughed whenever it was mentioned in the video 🤣 Ps: my first time hearing it

Charlotte NC, 32. I Just started at my six figure job after being in and out of the poverty line. I really hope I don't end up like this. I'm scared really scared!!!

@@millsjenna8606 Don't panic, start out easy, don't buy things you don't need, budget every money, always save a portion of your pay atleast 5% , Invest from your pay check; it grows and helps you accumulate wealth easily.

Yeah, I mean that’s a 3% tax rate. Honestly I hope they’re paying more than that…

And they live in Virginia!!

@@hilarylauren6112 I'm sure they are (unless they own a business). They pay taxes all year, it sounds like that's end of the year tax bill the feds still want. They're in a higher tax bracket 24% I believe for 300k

I response to that was, "gurl have a seat".

Right like you’re an entrepreneur, you should know to set aside money for taxes lol

You right 😩

Annnnnd extra guac

Cringe.

A lot of wealthy people live like us, surprisingly. Richest person in Mexico, formerly the world, for example.

Don’t forget the fake eyelashes, regular manicures and pedicures and so on. The “extras” should come after you pay off your debt and save for emergencies and future retirement.

I feel like people need to talk about greed more.. it’s really getting swept under the rug & being masked.

@Tom Edwards Of course we all have flaws. It doesn't mean you can't call these people idiots too...

It’s FOMO and social media that’s making them so unhappy. They need to go do some charity work or something

Everybody is greedy, including you.

Stupid, whiny and greedy. Let them switch w me.

Preach. I bet you every one of them lives in a nice apartment within a big city.

@@patrickbellefleur5508 for real though. Lots of jobs that give back to the community (public health, teachers, EMTs, nurses) make less than these people and we just make do. It’s not like we don’t work hard or deserve good pay, but having luxury is just that, a luxury 🤦🏼‍♀️

Yeah, this is so dumb. I'm of the same age and make almost nothing and I'm fine financially. These people are spending too much.

Exactly...No Budgeting or Investing....All Spending and Living above there Means...That is the American Way

Look, I get it. But don't fall into the trap of disgracing those doing moderately better. It's how the super-rich keep attention off their disgusting extravagance. Most of these folks live in big expensive (base cost of living) areas, and their larger pay doesn’t offset that expense as much as you might think. They said a bunch of times that they're not crying poverty for pity, just dispelling the perception that someone making $100k+ can be care-free. It's just a perspective with misconceptions of those not living it. Nothing more. I make nearly six figures, but most of my money goes paying back loans from school and debt I racked up while being poor. I rent out a bedroom in Ventura, CA. It's expensive here. I'm not struggling, but I'm not "free" like many might think I can be. Although I am able to take the odd vacation here and there. Again, like these folks, it's just a perspective... not a cry for pity. Just don't fall into the trap of "I have it harder than you so stop complaining". It's a stupid argument among people divided my ultimately so little. While the mega-rich (high 6-7 figures) contribute nothing, profit so much more, but are completely left off the hook.

Yeah, and no. Never listen to rich guys when they say this stuff. They're not in that situation. You need more skills and education and don't live in a nice area...

Oh I fully agree. Dave Ramsey knows what he is talking about.

It's his friend so he probably makes closer to 100K, but he asked "Can you make me seem more rich on TV?"

I think he has irregular income.

He’s a consultant so probably doesn’t have a regular steady annual income.

Probably thought it was too personal to share. He certainly could have been more specific. I make around $150k per year depending on the number of consulting jobs etc.

College makes you dumb if you subscribe to it

Right! they are supposedly lawyers and other top proffessions and they can't even manage their expenses.. I wouldn't want a lawyer that couldn't even do that making six figures. I think they were paid actors.

That Marietta Georgia guy has a massive wet bar in his kitchen. Every bottle is on that rack behind them.

@@chrislanejones 🤦‍♀️ wasting money on booze

It's because these people are idiotic and will spend 99% of their income and wonder why they are broke. Too focused on Twitter

@Chief. Where do you get your statistics on white people?

@@jamalwilburn228 I agree to many high earners squander their money

Facts! ABC must be starving for content.

Basically.

Chris Evans up cool we back in time that works best new roof and we will see you get this before now either way do did you get this for you power me now do you can help us future so we can talk tomorrow morning if they can do anything for me if they is good news would be back from the house now get idi out of town this weekend and the best so far do they still need soon would you power up cool we back

Correct, many of them don’t understand economics and having to live truly paycheck-to-paycheck because THEY don’t!

When everything you saved up for decades is instantly eaten up by inflation, perhaps you should live for something else.

Saving is ass. I'm sorry but when this panoramic hit, everyone's savings dwindled within like the first 3 months. Yes that gave them cushion to think about their next steps but in reality they were in shitty circumstances along with the crackhead on the street.

You are close but it is actually not about how much you save it is about how much you can invest and what you invest in. You need to have assets.

*invest

@@saaantacruz what should we invest in? A fallen world? A controlled economy? Or perhaps the lies and delusions of heartless of men? Things? Land? Or the heavens above?

Never heard this term. Henry

They want, and expect, sympathy.

Exactly, they all literally sounded like immature, bratty, clueless middle-schoolers. The audacity of them to feign struggle and poverty in general and while the whole world remains in a global pandemic.

That’s not true.

@@lisajohnson6351 Well, he did say it was fact 😂

FACTS! This is why it's important to go by the stats. I don't believe in the HENRYs. If you make double the national median? You're doing fine. The problem is your lavish spending. You spend money on luxuries and then say you're living paycheck to paycheck.

That's bullshit.

😂 I was looking for this comment

Well, we could all just say, just like many of them say about poor people… oh it’s his addiction that keeps him poor… maybe he should go to rehab, because that’s so make every thing better

lol and stop traveling... the other guy travels around the world

😂😂 agreed

Where do you live?

@@josephinebournes8212 probably some asian country.....youre rich if you earn that much that side

😂😂😂😂

It's called GREED

Young high-tech people in BA are making 300-400k per year and want even more while living in shitty appartments 😎

@@onestopcruise and BS. Probably paid these actors to say this

Simply put...

Always goes bad.

💯

I retired at age 54 and did it on less than 20k !

@@SUGAR_XYLER respect

I lived off under 20k and still managed to save half !!

So what you saying is he needs to shop from the bottom shelf on UP!?!?😂

I live in LA. I can live on $40k year easily and I am a super high earner. These people just spend their money on BS.

Jason Oler@They need to get on the Dave Ramsey diet

Wut? That makes 0 sense. You can't save if there's nothing TO save.

these people are insane.

I doubt if they reach 50 !

Exactly, I could pay that bill off in 2 months.