Making $500K and Still Living Paycheck to Paycheck?
You would think making $500,000 a year would make it easier to get ahead financially. But a new Goldman Sachs survey found that 37% of people earning more than $500,000 say they’re living paycheck to paycheck. In this video, we look at how that happens and why having a personalized financial plan matters, no matter how much you make. In the same survey, 72% of people with a personalized plan said they feel on track for retirement, compared with just 33% of those without one.
Meanwhile, stocks are hitting all-time highs even as interest rates keep climbing. That’s a combination you don’t normally see. We look at how well tech has held up, the big sell-offs investors have had to endure along the way, and what the latest jobs numbers tell us. We also look at how the stock market has performed in the fourth quarter during midterm election years compared with all other years.
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