Thread: 21% of those making over $100k are living paycheck to paycheck
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Old 10-04-2008, 08:54 PM
tripods68 tripods68 is offline
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Quote:
Originally Posted by sweeps View Post
Paycheck to paycheck: Could you pay all your expenses next month if your income suddenly stopped.

Note that if your paycheck suddenly stopped, you would not be making your monthly 401k contribution anyway, so no, that does not count.

Agreed on pretax. ON the after tax basis, they have not put away sufficient emergency funds in case paycheck suddenly stopped. Would this qualify living paycheck to paycheck?
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