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If it’s just a survey, I would answer “yes” to living paycheck to paycheck. But that’s only because I’m automatically investing 70% of my paycheck so I never h
by cj 4y ago
If it’s just a survey, I would answer “yes” to living paycheck to paycheck.
But that’s only because I’m automatically investing 70% of my paycheck so I never have more than a few weeks of expenses in cash.
I can imagine getting very biased results depending on how to survey is worded.
In my case, an unexpected expense just means I take a short term margin loan against my portfolio (at an insane interest rate) until my next paycheck.
- maxerickson 4y agoHaving resources you can draw on (an asset you can take a margin loan against is a resource you can draw on) is exactly what "paycheck to paycheck" doesn't mean.
- cj 4y agoI agree. The point of my comment was that wording of survey questions can result in biased results.
- mikestew 4y ago"I have so much excess income that I invest most of it". I don't think you're grokking the common definition of "paycheck-to-paycheck", or are willfully ignoring it to make a point (and doing so poorly).
- cj 4y ago> to make a point (and doing so poorly). The point I’m trying to make is bias in surveys