Debt struggles are a real problem for everybody – even people earning decent livings. A recent study indicates that a large percentage of people earning more than $100,000 annually have very little cash in their savings accounts.
The study was conducted by GoBankingRates, the major financial services website, and found that nearly half of individuals with annual incomes between $100,000 and $150,000 simply aren’t saving money for potential emergencies in the future. While most of these high-income earners have put away less than $1,000 in their savings accounts, approximately 18 percent of people earning six figures have zero dollars saved for the future.
Perhaps most surprisingly is the GoBankingRates study’s finding that almost 30 percent of people earning more than $150,000 each year have saved less than $1,000.