Here at ExoticExcess.com we celebrate the luxury lifestyle.
With difficult economic times upon American citizens, we decided to see how the upper class were doing financially.
Some 21 percent of those with salaries of $100,000 or more say they are living paycheck to paycheck, according to a recent survey conducted by CareerBuilder.com.
While experts are quick to acknowledge that high gasoline prices, the slumping housing market and a generally weak economy are weighing on consumers’ finances, they also agree that the general difficulty in making ends meet is also the result of persistently bad spending and saving habits that are now catching up with the spendthrift American.
“Unquestionably, more people are living paycheck to paycheck now than 12 months ago,” says Ken Goldstein an economist at the Conference Board. “Americans have never been big savers under any economic circumstance or condition.”
One-in-ten workers making more than $100,000 say they put no money in a savings account each month, according to the CareerBuilder survey.
We love luxury, but don’t live beyond your means everyone!