If you’re contributing to retirement accounts you are not living “paycheck to paycheck” - Was talking to a guy who said he lives “paycheck to paycheck” and later revealed he maxes his Roth IRA and his employer match on his 401k. I’m sorry but that does not count as “paycheck to paycheck”. Just because you have every dollar allocated out of your bank account at the end of the pay period doesn’t mean you’re PC2PC if half of that allocation is going to a variety of savings accounts. Makes me question the accuracy of all those poll questions. Am I wrong here?Personal Finance
If you’re contributing to retirement accounts you are not living “paycheck to paycheck” - Was talking to a guy who said he lives “paycheck to paycheck” and later revealed he maxes his Roth IRA and his employer match on his 401k. I’m sorry but that does not count as “paycheck to paycheck”. Just because you have every dollar allocated out of your bank account at the end of the pay period doesn’t mean you’re PC2PC if half of that allocation is going to a variety of savings accounts. Makes me question the accuracy of all those poll questions. Am I wrong here?
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
🔺 Student Loan Delinquencies Hit Record 12.9%... The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...