The K-shaped economy has left many six-figure earners ‘on thin ice’ as housing costs, lifestyle creep, and the job market put them at risk

In a K-shaped economy defined by a stark divide in household income and spending, there are sure to be winners and losers—but even those considered “rich” are feeling the clinch. Some six-figure earners are “on thin ice” thanks to potential headwinds and a shakier financial footing, according to a recent analysis from consulting firm Kearney.

The wealthy who are at financial risk are “high earners whose lack of budgeting and profligate spending has them overleveraged and exposed,” the report explained.