More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.
In the US, this issue is deeply rooted in cultural norms that equate living on credit with normalcy. Success and social standing are gauged by material possessions, leading people to compare themselves to their peers who also live beyond their means. As a result, there’s immense pressure to maintain appearances and avoid being perceived as inferior, perpetuating an endless cycle of debt-fueled consumption and the illusion of success.
Cause they spend all their money on bazinga nonsense.
In the US, this issue is deeply rooted in cultural norms that equate living on credit with normalcy. Success and social standing are gauged by material possessions, leading people to compare themselves to their peers who also live beyond their means. As a result, there’s immense pressure to maintain appearances and avoid being perceived as inferior, perpetuating an endless cycle of debt-fueled consumption and the illusion of success.