'I’m making the most money I've ever made, and I’m still living paycheck to paycheck'

“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

  • voracitude@lemmy.world
    13·
    8 months ago

    What OP is probably saying is that if you have a certain income level and then you choose to take on a debt that you’re going to have trouble paying back, that’s mistake that you made and should have seen coming

    If that’s what they’d said, I wouldn’t take issue with it. Of course a person has to do the maths, buying a home isn’t a light decision. But the size of the purchase isn’t at all related to living cheque to cheque, which was in the words they chose.

      • voracitude@lemmy.world
        11·
        8 months ago

        Because the purchase is broken up into installments and paid back monthly. That is why, despite my home being the most expensive thing I have ever purchased, I am not living cheque to cheque. If her problem were the size of the purchase alone, then I too would be living cheque to cheque and so would all other homeowners with mortgages.

        Edit: I should point out that my cost of living has actually dropped since I bought my home, because I did the maths to be sure it would. Most expensive purchase of my life saved me money. Go figure, right?