Why High Income Earners Go Broke: 5 Wealth Killers
An investigative look at the paradox driving 51% of six-figure salaries into living paycheck-to-paycheck
Published in
8 min readMar 24, 2024
If you find yourself among the 51% of Americans earning $100,000 or more per year who are still living paycheck-to-paycheck, you’re probably wondering — how did this happen? How can someone making a six-figure salary be broke? As counterintuitive as it sounds, a high income is no guarantee of wealth accumulation.