It's amazing but it does not surprise me.

Something like 1/4 of people earning 250k a year are living paycheck to paycheck (so called HENRYs).

Saying that millenials are wasting everything on "Starbucks and Avocados" has become kind of a punchline. But in my personal experience there absolutely is a correlation between more left leaning friends and earning 50k a year but having nothing in savings/investments and blowing it all.