An interesting article from TODAY (Link Here) shows why for the majority of people, even a highly paid career such as a pilot – they continue to struggle and face the crunch to survive when these are considered high-income earners.
The article interviews a random selection of 12 pilots, and while the sample number is considered relatively small, it gives a good indication of how numbers crunching and dire the situation is for these pilots during the pandemic.
High-Income Earners = Higher Wealth?
Many of us would think that high-income earners have a better correlation to wealth.
After all, if you earn $10,000 as opposed to say $2,000, you should be much better off technically when it comes to your savings rate…. right!?
|Most People Would Think Linearly That Nothing Can Go Wrong|
As it turns out, this isn’t necessarily the case.
From the article, one of the pilots is earning an income excess of $14,000 (including allowance)