This is an interesting analysis of that most hateful genre of article (challenged only by how I pulled myself up by my bootstraps and a loan from my parents) about rich people who are barely scraping by. The people in these articles are invariably maxing out their 401(k) contributions, building equity with their home mortgage, and taking vacations, so it is a bit laughable to consider them living paycheck to paycheck. “After spending all my money on things I want, I don’t have any left!”
But as the great financial planner Charles Dickens once wrote, “Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.” That applies whether your annual income is $20,000, $200,000, or $2,000,000.