Here are 3 of the worst financial mistakes made by high-income professionals — how to keep your money more secure

Core Insights - High income does not guarantee financial stability, as many families continue to struggle with debt despite earning over $300,000 annually [2] - A significant percentage of high earners face credit card debt and increased delinquency rates across loan products [2] Group 1: Financial Struggles of High Earners - Approximately 62% of households earning more than $300,000 experience difficulties with credit card debt [2] - The delinquency rate for households earning over $150,000 has doubled since 2023 across all loan products [2] - 43% of Americans earning more than $100,000 reported they are either coping or struggling financially [4] Group 2: Common Financial Mistakes - Lifestyle inflation is a major pitfall, where increased income leads to higher spending on luxury items, resulting in unsustainable monthly payments [3] - High monthly payments from mortgages, car loans, and tuition can lead six-figure earners to live paycheck-to-paycheck [4] - Exotic investments may seem appealing, but they can lead to poor financial decisions; ultra-high net worth families allocate significant portions of their portfolios to private equity and hedge funds [5]