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Roughly four in 10 workers making more than $300,000 a year say they're living paycheck to paycheck, according to a new Goldman Sachs survey. Yahoo Finance's Kerry Hannon tells Yahoo Finance Host Josh Lipton why lifestyle creep is squeezing high earners, why some are making only minimum credit card payments, and what else the annual survey found: fewer workers boosting retirement contributions, more people taking on side hustles to keep up with rising costs, the payoff of working with a financial advisor, and why retirement savers turning more conservative could be risky.
Market Domination, Market Domination Overtime and Asking for a Trend are live weekdays 3-5pm ET with Yahoo Finance Host Josh Lipton.
00:00 Why high earners live paycheck to paycheck
00:21 Lifestyle creep at $300,000 a year
01:20 The U-shaped curve of financial stress
01:35 High earners paying the credit card minimum
02:22 Fewer workers boosting retirement savings
03:25 More Americans take on side hustles
04:16 Why a retirement plan pays off
04:36 Retirement savers turn more conservative
#PersonalFinance #Retirement #Money #YahooFinance
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