High earners are struggling financially, with 36% of U.S. adults making over $100,000 a year finding it hard to make ends meet. Many would only feel secure if their income doubled, and three-quarters have used credit cards due to cash shortages recently. Bad spending habits can’t be outearned. (1, 2)

Lending money to friends and family can harm your finances, with nearly 60% of parents providing financial help to adult children. Over half of adults have lent money to loved ones, and almost 50% would not expect repayment. It’s important to strike a balance to avoid financial vulnerability. (3, 4)

Americans are spending significantly on dining out, entertainment, and social activities. The average yearly spending on restaurant meals is $2,841, and the entertainment budget is $3,636 per household. While socializing is important, occasional restraint can lead to meaningful savings. (5, 6)

High-income individuals are more likely to rely on credit, with 40% using buy-now-pay-later programs. 62% of those earning over $300,000 struggle with credit card debt. Maxing out available credit can lead to financial strain, even with a high salary. Impulse purchases average $282 monthly, with small items being the most common. Setting spending limits and researching purchases can help curb impulsive buying. (7, 8, 9)

Buying a home can lead to financial regrets, with many first-time buyers feeling financially stretched. Overspending on housing can have long-term consequences, so sticking to a strict budget is crucial. Limit your housing search based on income and monthly payment percentages to ensure financial security. (10)

Read more at Yahoo Finance: You’re probably broke if you always say ‘yes’ to these 5 things, no matter how much money you make