Goldman Sachs Reports 36% of $300,000 Earners Live Paycheck to Paycheck

Business9 days ago

High-income earners report facing financial pressure that prevents them from accumulating savings between pay periods, according to a study from Goldman Sachs. The research indicates that a large segment of the workforce lacks a financial cushion even when they are among the top earners in the economy.

Goldman Sachs reported that 36% of workers with annual incomes exceeding $300,000 live paycheck to paycheck. While one source cited the figure as high as 40%, most reports of the bank's findings consistently place the number of high earners in this position at over one third of the group.

Mapped to your portfolio

Possible scenarios

40%Consumer Slowdown Broadens-0.5%
25%Fed Relief Trade+0.3%
20%Credit Stress Spreads-0.3%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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Goldman Sachs Reports 36% of $300,000 Earners Live Paycheck to Paycheck

In this story

Goldman Sachs

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

40%Consumer Slowdown Broadens-0.5%
25%Fed Relief Trade+0.3%
20%Credit Stress Spreads-0.3%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.