Written By Lexx Thornton It’s often assumed that a high income guarantees financial security. However, a surprising 62% of Americans earning over $300,000 annually struggle with credit card debt. This reveals that financial health is about managing spending, not just the size of the paycheck. The primary culprits are lifestyle creep and the ease of high-limit credit access: Lifestyle Creep: As income rises, non-essential spending (e.g., luxury cars, large homes, high-end travel) grows with it, often outpacing earnings. The desire to maintain a high standard of living or “keep up” justifies excessive costs. The Credit Trap: High earners easily secure
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