Even High Earners Feel the Pinch: What Connecticut Homebuyers Can Learn

July 3, 2025 | Financial Health | Presented by ReadySetLoan™

When we think of financial stress, most people imagine folks struggling to make ends meet. But a surprising new trend is emerging: even high-income earners are showing signs of financial fragility.

A recent analysis highlights that nearly one in three households earning $150,000 or more live paycheck to paycheck. While that might sound shocking, it makes sense when you consider the rising costs of housing, childcare, healthcare, and the temptation of a lifestyle creep.

Why Are High Earners Feeling Stretched?

📌 Lifestyle Inflation: As salaries go up, so do spending habits. Bigger homes, fancier cars, lavish vacations — they all add up.

📌 Higher Fixed Costs: Many high earners take on larger mortgages and bigger monthly obligations, leaving less room for savings or unexpected expenses.

📌 Economic Uncertainty: Inflation, market volatility, and unpredictable job markets make even well-off families cautious.

Here in Connecticut, we see similar dynamics. With some of the highest property taxes and living costs in the country, even households with healthy incomes can feel the squeeze.

What Can Connecticut Buyers Do?

At ReadySetLoan™, we believe knowledge is your best financial armor. Here are a few Piggy Points to help keep your finances strong:

🐷 Prioritize an Emergency Fund: Even if you’re a high earner, having 3–6 months of living expenses saved can be a lifesaver.

🐷 Avoid Overextending on a Home: Just because you can qualify for a larger mortgage doesn’t mean you should. Choose a home that fits your budget and long-term goals.

🐷 Plan for the Long Run: Work with financial professionals to map out a plan that includes retirement, college savings, and other big-ticket items.

Neil’s Take 🎤

"Many high-income buyers assume their cash flow can handle any home purchase, but they often overlook future risks," says Neil Caron, Area Sales Manager at CMG Mortgage. "Being intentional with your housing budget and building strong reserves can make or break your long-term financial success."

RSL Perspective

At ReadySetLoan™, we’re here to guide you, whether you're a first-time buyer or a seasoned homeowner. We understand that financial health isn’t just about your income — it’s about how you manage it.

If you’re thinking about buying a home or refinancing in Connecticut, let us help you navigate your options confidently. Our mission is to educate and empower every step of the way.

Looking for personalized mortgage guidance?

Visit ReadySetLoan™ today and see how we can help you cross the finish line with confidence.

www.ReadySetLoan.com