Are the Suburbs Making People Live Paycheck-to-Paycheck?
Households without any cash savings are twice as likely to be wealthy as poor.
Most people living paycheck-to-paycheck aren't actually poor. They make a decent amount, and they have a decent amount of wealth.
And, believe it or not, this makes sense.
Now, you might expect that people without any liquid savings like cash or checking accounts wouldn't have any illiquid savings like housing or retirement accounts,, and builds up an eight month emergency fund putting any money into investments.
