Most Americans have widely variable income & expenses - from tax reform to money management:
Bottom Line: Awhile back I studied the top "1%" of income earners and shared my findings with you. They were telling. Only about 1% of the top 1% of earners in any given year, remain in the top 1% of earners the following year. This shines light on the false stereo-types of the top 1% and just how egregious the punitive federal tax code is for upper-income earners. Most people who are 1%'ers in a given year, never return to that status again. In other words, it's due to a "career year" at work, or one-time gains on investments or a sale of a business, etc. Fast forward to this new research from the Harvard Business Review...
The latest research demonstrates that in any given year up to half of American households have income and expenses that vary by 25% or more! This further demonstrates the importance of a fairer tax code that allows hard working families to be able to retain more of the money they earn in those career years - rather than having much of it taken away by the federal government due to the abusive tax code.