Matt Elson

The other was that it moderately improves each year, and the definition of that was, I am able to make some saving progress each year.

And then the other option was considerably better, and the definition of that was, quote, I am able to make progress on both short-term and long-term financial goals.

Right.

I think this gets to something which I'm going to kind of push back on you both, because in a lot of ways, I wonder if it doesn't matter what the definition is, because what the survey is basically telling us is that it's how people feel.

And that's what we're trying to get an understanding of.

How do people actually feel about their financial situation?

Whether or not they're doing okay, I can tell you, if you're making half a million dollars, I'm pretty sure you're doing okay.

But the thing that strikes me, and it gets to your point about social media, Ben, is that it's the way people feel about that money.

It's the fact that despite the fact that you are in the highest income bracket by a long shot,

you still don't feel that good about it.

When you're asked the question, no matter what the definition of the survey questions are, what the answers are, you're kind of just choosing the most negative one.

And I guess that gets to this question of like, is there ever an amount of money that makes you feel good or at least not bad?

And this seems to tell me that for 40% of people, the answer is kind of no.

What do you make of that, Ben?

Yeah, this seems to be the thing that that's my takeaway, at least from this survey.

It's honestly a little concerning.

Ramit, you've consulted with lots of different households across the entire spectrum of income.

Is this reflect what you see among higher earning households?

Do you think that those people who are making half a million dollars a year and saying that they're paycheck to paycheck, do you think maybe they don't know what their income is?

Do you think that could be it as well?