18% of people who earn more than $100,000 say they live paycheck to paycheck, according to a survey of 8,000 workers.
Fully 18% of people who earn more than $100,000 say they live paycheck to paycheck, according to a survey of 8,000 workers by global advisory firm Willis Towers Watson. “There’s a high correlation between high pay — and living in a high-cost area and having an advanced degree,” Shane Bartling, the senior director for retirement for the firm, explains of why so many people making a chunk of change say they’re still living paycheck to paycheck.
Others may be facing a pile of student loan debt that makes it difficult for them to get out of the paycheck-to-paycheck lifestyle. Currently, Americans have a total of roughly $1.5 trillion in student loan debt — and graduate degrees are responsible for a chunk of that debt. Frankly, they probably aren’t saving enough: The Employee Benefit Research Institute projects that more than four in 10 U.S. households where the head of the household is between 35 and 64 will likely run short of money in retirement.
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