{"id":10927,"date":"2026-10-22T07:44:09","date_gmt":"2026-10-22T11:44:09","guid":{"rendered":"https:\/\/kerryhannon.com\/?p=10927"},"modified":"2026-10-22T07:46:57","modified_gmt":"2026-10-22T11:46:57","slug":"even-high-earners-are-living-paycheck-to-paycheck-this-year-goldman-sachs-survey","status":"publish","type":"post","link":"https:\/\/kerryhannon.com\/?p=10927","title":{"rendered":"Even high earners are living paycheck to paycheck this year: Goldman Sachs survey"},"content":{"rendered":"
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Think a high salary is a ticket out of living paycheck to paycheck? Think again.<\/p>\n

Roughly 4 in 10 workers earning above $300,000 say they’re doing just that, according to\u00a0 Goldman Sachs Asset Management’s 2026 retirement report.<\/u><\/a><\/p>\n

“One of the more remarkable findings is whether or not financial security improves linearly with income,” Chris Ceder, a senior retirement strategist at Goldman Sachs Asset Management, told Yahoo Finance.<\/p>\n

You’d think financial security would improve as someone makes more money, with income tracking in a straight path with each extra dollar of earnings.<\/p>\n

“It does for a while, but it’s a U-shape pattern,” Ceder said.<\/p>\n

Those making between $100,000 and $300,000 aren’t so stretched, according to the findings, but the number who say they are living paycheck to paycheck shoots back up among those earning above $300,000 annually.<\/p>\n

“We can see a similar pattern as it relates to delaying financial goals, delaying retirement savings, and also paying the minimum of their credit card balances,” Ceder added.<\/p>\n

For example, the survey found that the people making only minimum credit card payments or less are clustered at the lowest and highest income brackets.<\/p>\n

Read on Yahoo Finance<\/a><\/strong><\/em><\/p>\n

About 4 in 10 workers making under $100,000 are skating by on the minimum credit card payment. That drops to 35% for those in the $100,000 to $300,000 income bracket and pops up again to 42% for those who earn above that threshold.<\/p>\n

Nearly half of those bringing in a half-million dollars made minimum payments this year, up from 39% last year.<\/p>\n

“Obviously, there’s a big difference between what it means to have an income of $50,000 and below versus $300,000-plus, but in terms of how it is manifesting in \u2026 financial strain, there certainly are some parallels,” Ceder said.<\/p>\n

Less surprisingly, a substantial number of Americans who make below $100,000 also report living paycheck to paycheck.<\/p>\n

They struggle to save at all or make any progress toward long-term goals, Ceder said.<\/p>\n