4 in 10 people making $300K+ live paycheck to paycheck, Goldman Sachs survey finds

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 == AlphaSpace by Yahoo Finance: A Professional-Grade Investment Platform Built for Everyday Investors. 👉 https://finance.yahoo.com/about/promos/gold/alphaspace?ncid=100003571

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