Hitting six figures in household income is a powerful milestone. You\u2019re situated comfortably in the middle class, which is currently defined in Indiana as making $48,000 to $144,000 per year. We all know that the cost of living is rising faster and higher than anyone wants, but doesn\u2019t it seem like you should be able to make it work on six figures per year? Over the last couple of years, a national conversation has been brewing online about why some people who make as much as $150,000 per year feel like they\u2019re barely getting by.<\/p>\n
Pete the Planner isn\u2019t here to judge. His computations show how easy it can be for the finances for a $150,000 household to go off the rails. One unexpected blow to your budget for housing, transportation, child care or essentials like food can make it feel like the ceiling is caving in. At the same time, we need to consider whether the expenses we believe are necessary are actually the result in our culture of normalizing overconsumption. Pete is our guest this week to explain the math behind the financial struggles for $150,000 households and provide some guidance \u2014 with a dose of straight talk \u2014 about reducing expenses.<\/p>\n
Click here\u00a0to find the IBJ Podcast each Monday. You can also subscribe at\u00a0iTunes<\/a>,\u00a0Tune In,<\/a>\u00a0Spotify<\/a> and any other place you find podcasts.<\/p>\n You can also listen to these recent episodes:<\/p>\n IBJ Podcast: After firm\u2019s $50M sale, co-founder was done with startups. Then AI pulled him back in.<\/a><\/p>\n IBJ Podcast: IBJ\u2019s editor on making mistakes, combatting bias, diversifying revenue<\/a><\/p>\n IBJ Podcast: Indiana Black Expo\u2019s CEO on Circle City Classic\u2019s gridiron shift and creating hoops invitational<\/a><\/p>\n IBJ Podcast: Why do some big companies fail at meaningful innovation?<\/a><\/p>\n IBJ Podcast: Final Four co-chairs debrief on Post Malone, Fan Fest, coach swag and what it all meant<\/a><\/p>\n