Struggling?

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I read a post on Facebook this evening about a news report of households with an annual income of $200,000 struggling to make ends meet.

Payday

The responses were many and varied as you can imagine.  My contribution was to point out that living pay cheque to pay cheque can be a reality no matter what your income may be.  If you expenses are greater than you income you will struggle.  It is that simple.

There is no easy formula to being comfortable.  It can depend on a range of things such as your location, circumstances, skills, education and ability to manage your finances.

Here is the article.  What do you think?

Another definition of rich.