The ill effects on finances as a result of divorce due to child support, alimony, reduction in income, Being financially strapped robs you of your ability to save money, your dignity, and your security blanket. How can one feel secure when it is a struggle to maintain adequate food, clothing, shelter and other necessities?

According to a survey by LendingTree, 62 percent of people making over $300,000 a year are carrying credit card debt. Not just using their cards. Not just earning rewards. I’m talking about carrying balances, paying high interest, and living check to check—all while earning what many would consider rich people money. But it gets worse… … Continued

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  • Pandantic [they/them]@midwest.socialEnglish
    1·
    4 days ago

    I know folks making $50K who:

    Got a solid emergency fund Don’t carry credit card debt Max out their Roth IRA each year And even own a home or investment property

    Not to flex but…