Why are people in the DC area so...greedy?

[Anonymous]

Was talking to my younger sister yesterday who is stressed out about her finances. She and her husband are 31 and he makes 200k in Tech and she makes 100k in finance. They do not have children yet. Apparently, 300k income at 31 years old is "poor" and a "bad salary."

I understand this is a HCOL but the sheer greediness of her comment stunned me. My husband and I did not hit 200k until we were 34! And even now we think it is an incredibly fortunate income to have.

[Anonymous]

Lol … go read the forum below this.


I’ll bite..because 300k ain’t what it used to be when homes are all over 1M, childcare costs thousands a month, and our country is run by 80yr men and women.

[Anonymous]

Well they cannot afford a decent house in a nj e neighborhood and if they have a child, it will cost her entire salary for a nanny.

[Anonymous]

I wouldn't call it greed, but rather a stubborn inability to curtail spending on discretionary items as one's income increases or decreases. Lifestyle creep.

Do they have debt?

[Anonymous]

Do you think people in the DC area are more greedy than in, say, NYC or LA?

[Anonymous]

Anonymous wrote:Well they cannot afford a decent house in a nj e neighborhood and if they have a child, it will cost her entire salary for a nanny.

Why do they feel entitled to that, though? 300K for a family is an excellent salary to have savings and buy in a safe neighborhood.

[Anonymous]

Anonymous wrote:I wouldn't call it greed, but rather a stubborn inability to curtail spending on discretionary items as one's income increases or decreases. Lifestyle creep.

Do they have debt?

No debt.

[Anonymous]

Anonymous wrote:I wouldn't call it greed, but rather a stubborn inability to curtail spending on discretionary items as one's income increases or decreases. Lifestyle creep.

Do they have debt?

The older generations were peak at living above their means. Every generation thinks the younger are foolish.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I wouldn't call it greed, but rather a stubborn inability to curtail spending on discretionary items as one's income increases or decreases. Lifestyle creep.

Do they have debt?

The older generations were peak at living above their means. Every generation thinks the younger are foolish.

PP here. I am 26.

[Anonymous]

Why do people associate wanting to be successful as greedy? If you earn the income it’s not greed..unless you’re being unethical.

I hope my kids strive for the highest levels of success..what parent wouldn’t want that?

[Anonymous]

$300k isn't poor, but $100k is a bad salary for a 30-something in finance. She might be reacting to the fact that she anticipated her career trajectory being much more lucrative than it has turned out. It's hard not to look at your classmates bringing in many multiples of your salary and feel some type of way.

[Anonymous]

Anonymous wrote:Lol … go read the forum below this.


I’ll bite..because 300k ain’t what it used to be when homes are all over 1M, childcare costs thousands a month, and our country is run by 80yr men and women.

That's inflation and an upcoming recession. Few people are millionaires.

[Anonymous]

Anonymous wrote:Why do people associate wanting to be successful as greedy? If you earn the income it’s not greed..unless you’re being unethical.

I hope my kids strive for the highest levels of success..what parent wouldn’t want that?

I want my kids to prioritize family life.

[Anonymous]

When you have 150k in student debt and your average house costs close to a million dollars, you pretty much have to milk your salary as high as possible.


15-20 years ago, a 100k salary could buy you a nice SFH for about 400k. Now, 100k salary isn’t even enough for a 20% down payment on a house.

[Anonymous]

Anonymous wrote:Why do people associate wanting to be successful as greedy? If you earn the income it’s not greed..unless you’re being unethical.

I hope my kids strive for the highest levels of success..what parent wouldn’t want that?

Why do people associate salary with success? Seems rather superficial to me.