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A viral <a href="https://www.reddit.com/r/Millennials/comments/1jktxcg/i_dont_understand_how_people_have_money/">post</a> on Reddit&#8217;s r/Millennials subreddit struck a nerve this week after one user, frustrated by their financial situation, asked a simple question: How do people have money?



<h2 class="wp-block-heading">Millennials Making Bank, Still Feeling Broke</h2>



The post, titled &#8220;I don&#8217;t understand how people have MONEY,&#8221; came from a <a href="https://www.benzinga.com/personal-finance/24/06/39275908/are-you-richer-than-your-parents-were-at-your-age">Millennial who makes</a> over $125,000 a year and expects to reach a combined household income of $250,000 to $300,000 with their partner soon. And yet, they rarely have more than $10,000 in savings. After taxes, mortgage payments, condo fees, car payments, pet expenses, groceries and &#8220;random sh&#x2A;t that needs fixing,&#8221; the money&#8217;s just gone.



&#8220;Could I buy fewer avocados and never leave the house?&#8221; the poster asked. &#8220;It could make a difference of a few hundred bucks every few months, but not the tens of thousands that I actually need.&#8221;



Don't Miss:



<ul>
<li>The average American couple has saved this much money for retirement —<a href="http://www.benzinga.com/money/smartasset"> How do you compare</a>?</li>



<li>This Jeff Bezos-backed startup will allow you to <a href="https://www.benzinga.com/money/bezos-landlord-100-dollars">become a landlord in just 10 minutes, with minimum investments as low as $100</a>.</li>
</ul>



The frustration sparked over 5,000 upvotes and thousands of comments, many of which called the poster out. Others, however, related deeply to the sense that even <a href="https://www.benzinga.com/personal-finance/24/05/38734261/suze-orman-shares-why-people-making-100k-end-up-with-less-money-the-more-money-you-make-the-more">high earners struggle to build wealth</a> in today's economy.



<h2 class="wp-block-heading">Six-Figure Income, Little to Show</h2>



The original poster clarified they weren't trying to say &#8220;poor me&#8221; but rather express disbelief that saving up for a home, retirement or an emergency fund feels nearly impossible.



&#8220;I figure at 36 I have earned a car and a condo and not the life I had at 26, which was six roommates and a bike,&#8221; they wrote.&nbsp;



But many users were quick to point out that if you&#8217;re making that kind of money and still struggling, something doesn't add up.



&#8220;You do have money. You have an above-average salary and 10k in cash,&#8221; one commenter replied. Another wrote, &#8220;There's some major spending here they're not being honest about.&#8221;



Trending: BlackRock is calling 2025 the year of alternative assets. <a href="https://www.benzinga.com/money/masterworks">One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.</a>



<h2 class="wp-block-heading">The Harsh Truths</h2>



The post prompted a roundup of what it really takes for people to have money in today's economy. Here&#8217;s the TL;DR that emerged from the replies that OP later added to their original post:



<ul>
<li>Generational wealth: Having parents who paid for college or helped with a down payment <a href="https://www.benzinga.com/markets/24/12/42740507/reddit-user-asks-how-do-so-many-people-afford-multi-million-dollar-homes-says-even-six-figure-salaries-mean-nothing-in-this-area">makes a huge difference</a>.</li>



<li>&#8220;<a href="https://www.benzinga.com/personal-finance/24/11/41914082/dave-ramsey-says-its-stupid-to-go-into-debt-for-a-career-you-dont-borrow-money-to-cross-state-lines">Avoiding the student loan scam</a>:&#8221; Some people went to cheaper schools, won scholarships or skipped college altogether.</li>



<li>Luck and timing: Those who got jobs before the Great Recession or bought homes when prices were low got a huge leg up.</li>



<li>High-paying careers: Doctors, engineers, tech workers and others in top-paying industries are in a different ballpark.</li>



<li><a href="https://www.benzinga.com/news/25/03/44408726/got-laid-off-so-i-went-all-in-on-living-frugally-redditor-shares-how-they-saved-big-and-why-these-tips-may-be-more-important-than-ever">Living extremely frugally</a>: Many people who have money live with roommates into their 30s, never travel, and skip dining out.</li>



<li>Marrying well: Dual-income couples who moved in together early often end up far ahead financially.</li>
</ul>



&#8220;A lot of people don't actually have money. They have debt,&#8221; one commenter wrote.



See Also: Have $200K saved?<a href="https://www.benzinga.com/money/have-200k-saved-heres-how-to-turn-it-into-lasting-wealth"> Here's how to turn it into lasting wealth</a>



<h2 class="wp-block-heading">Reddit&#8217;s Callouts and Confessions</h2>



While many questioned OP&#8217;s budgeting, others shared their own stories of financial discipline and sacrifice. One user said they make just under $100,000 with three kids and still manage to <a href="https://www.benzinga.com/money/how-to-pay-off-debt">pay off debt and build credit</a>. Another revealed they <a href="https://www.benzinga.com/news/25/03/44449440/if-i-die-a-redditor-lived-frugally-for-20-years-to-secure-their-future-now-a-cancer-diagnosis-is-making-them-question-everything">lived frugally</a> on a $70,000 income and had two years of savings built up.



Some described surviving only because of extreme circumstances. A surprising number mentioned using legal settlements from accidents to make down payments on homes.



&#8220;I got it the good old American way! Getting hit by a car,&#8221; one user wrote.



But some took the chance to point out that America's <a href="https://www.benzinga.com/personal-finance/24/08/40586670/survey-finds-46-of-middle-class-workers-are-halting-or-cutting-their-retirement-contributions-du">middle class is being squeezed</a> from all sides. &#8220;A millionaire is closer to bankruptcy and homelessness than becoming a billionaire,&#8221; one person said, arguing that solidarity among working people—even high earners who still feel broke—is more important than ever.



Read Next:



<ul>
<li><a href="https://www.benzinga.com/money/gbr-savings-by-age">If You're Age 35, 50, or 60: Here&#8217;s How Much You Should Have Saved Vs. Invested By Now</a></li>



<li>Can you guess how many retire with a $5,000,000 nest egg? <a href="https://www.benzinga.com/money/5mil-nest-egg-adv">The percentage may shock you</a>.</li>
</ul>

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