Living paycheck-to-paycheck doesn’t necessarily mean hardship, and LendingClub makes the distinction between those can pay their bills easily and those who can’t. Only a fraction of high earners – roughly one in ten – reported issues covering all their household expenses in April, according to the survey.
Assuming this is remotely truthful, they may be ‘robbed’ of their labor but they’re living pretty comfortably. I don’t know how the survey was worded or whether or not these people consider themselves living “paycheck to paycheck,” but it’s pretty clear their ‘struggle’ is wildly different than that of the average wagie.
Anyone would be screwed if they lost their jobs, but if you can easily pay your bills and live a lifestyle you find comfortable and enjoyable, chances are you’ll survive temporary unemployment at a much better rate than someone who has to decide whether he should eat or skip the meal and let his dog eat.
They aren’t owners with their wealth growing passively.
The article doesn’t go into detail about the specifics if their income, but you don’t need to be an owner to benefit from passive investments. You just gave to have the money to invest in the first place
Assuming this is remotely truthful, they may be ‘robbed’ of their labor but they’re living pretty comfortably. I don’t know how the survey was worded or whether or not these people consider themselves living “paycheck to paycheck,” but it’s pretty clear their ‘struggle’ is wildly different than that of the average wagie.
Anyone would be screwed if they lost their jobs, but if you can easily pay your bills and live a lifestyle you find comfortable and enjoyable, chances are you’ll survive temporary unemployment at a much better rate than someone who has to decide whether he should eat or skip the meal and let his dog eat.
The article doesn’t go into detail about the specifics if their income, but you don’t need to be an owner to benefit from passive investments. You just gave to have the money to invest in the first place