[git] Why does git status show branch is up-to-date when changes exist upstream?

While these are all viable answers, I decided to give my way of checking if local repo is in line with the remote, whithout fetching or pulling. In order to see where my branches are I use simply:

git remote show origin

What it does is return all the current tracked branches and most importantly - the info whether they are up to date, ahead or behind the remote origin ones. After the above command, this is an example of what is returned:

  * remote origin
  Fetch URL: https://github.com/xxxx/xxxx.git
  Push  URL: https://github.com/xxxx/xxxx.git
  HEAD branch: master
  Remote branches:
    master      tracked
    no-payments tracked
  Local branches configured for 'git pull':
    master      merges with remote master
    no-payments merges with remote no-payments
  Local refs configured for 'git push':
    master      pushes to master      (local out of date)
    no-payments pushes to no-payments (local out of date)

Hope this helps someone.