According to the Ramsey Solutions study, 53% of Americans live paycheck to paycheck, including 72% of those earning under $50,000 and 36% of six-figure earners. Personal finance expert Rachel Cruze explains why high earners still struggle financially despite their income. Basic living expenses are a challenge for many, with the average household spending $77,280 in 2023, while median income in the second quarter of 2025 was $62,712 per year. Consider relocating to a more affordable area or changing jobs to manage expenses better. Credit card debt is a common issue, even for high earners, affecting 62% of those earning over $300,000. Once debt-free, focus on building wealth and investing. High earners may overspend to keep up with peers, leading to financial struggles. It’s crucial to budget wisely, track expenses, and live intentionally regardless of income level.

Read more at Yahoo Finance: 4 Reasons Why Many High Earners Live Paycheck to Paycheck