"one in four families making $150,000 a year or more are living paycheck-to-paycheck"
What on earth are people spending money on that they are living paycheck to paycheck when they pull in $150,000 a year????
I raised 3 kids on what would today be the equivalent of about $1500/month. No one went hungry, no one had to wear broken-down shoes, we had a decent roof over our heads, my old beater was ugly but got us from point A to point B. Of course there were no restaurant dinners, designer-label jeans, no trips to Disneyland, no well-stocked liquor cabinet.
I'm not anyone special- lots of families did and do live like that. $150,000 year? We would have considered ourselves rich.