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Fortune
Fortune
Emma Burleigh

Even workers earning more than $500,000 annually are living paycheck to paycheck—thanks to ‘lifestyle inflation,’ they're continuing to splurge money they don't have

Wealthy man stressed out (Credit: supersizer-Getty Images)

U.S. workers are battling a cost of living crisis; prices of food staples like eggs have shot through the roof, housing costs have outpaced wage increases, and college tuition has reached an unaffordable high. Now, even six-figure earners at the top of their tax brackets feel like they’re barely scraping by. 

About 41% of American workers earning between $300,001 and $500,000—and 40% of those making over $500,000—say they’re living paycheck to paycheck, according to a new report from Goldman Sachs. 

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