Comments about ‘Both the wealthy and the poor living paycheck to paycheck’

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Published: Friday, March 21 2014 2:20 p.m. MDT

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BeSmart
Cheyenne, WY

This is why an emergency fund is so important.

David
Centerville, UT

The appearance of wealth can be so illusionary.

Income levels are not necessarily great predictors of wealth. They are ok at predicting the accumulation of "things" though.

Rather, savings can be realized and enjoyed at any income level if individuals and families can control their spending and build regular/monthly savings into their financial plan. If one is saving regularly, they are wealthy. Doesn't matter income level.

dave31
Salt Lake City, UT

So %50,000 cash is considered "wealthy?"

ShortGuy
West Jordan, UT

In my opinion, it doesn't matter how much money you make. If you are living paycheck to paycheck you are not wealthy.

carman
Wasatch Front, UT

$50,000 is not wealthy, especially if it is locked up in depreciating assets like cars which should be classified as consumption items. $50k only generates about $3,000 per year at 6%, not enough for even a month's worth of expenses for most families.

george of the jungle
goshen, UT

I think If you and your spouse ain't together on money, you ain't gonna have any. Money can get spewed all over the place if it's not channeled. Pay check at a time is all we have.

cjb
Bountiful, UT

Live below your means. Save and invest regularly. Have a food storage. If bad times come, you will be able to weather the storm.

Mark B
Eureka, CA

Maybe someone should conduct an experiment to judge the article's thesis. I'll be the wealthy guy, and you can get someone else to be "Mr. Poor".

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