What is considered to be high income?

Not DC - DCUM. Plenty of people in DC earning $100K feel quite successful.

On DCUM, high income begins in the 7 figures, because that's what it costs to buy the basic necessities - a 6,000 square foot custom built home, a Tesla for every driving member of the family plus one each for the nannies, a nanny for every child under age 27, exclusive private school for the kids and the the dog, and annual vacations to European spas.

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03/15/2015 12:31

Subject: What is considered to be high income?

quote

Anonymous

Anonymous wrote:Not DC - DCUM. Plenty of people in DC earning $100K feel quite successful.

On DCUM, high income begins in the 7 figures, because that's what it costs to buy the basic necessities - a 6,000 square foot custom built home, a Tesla for every driving member of the family plus one each for the nannies, a nanny for every child under age 27, exclusive private school for the kids and the the dog, and annual vacations to European spas.

Except for the Tesla (and other exaggerations), that is a high income life. It is funny to me that PP on DCUM seem to think that everyone with a high income should live like a pauper. why? new custom home in "good neighborhood" new lux car, private school, nanny, car for nanny, dog care, many vacations in lux resorts -- that is how high income people live. now for the flood of responses about the millionaire next door who just sits and counts his money all day, while living on food stamps and driving a 25 year old car.

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03/15/2015 12:47

Subject: What is considered to be high income?

quote

Anonymous

High income to me is over a million per year. It takes around 600k here to live comfortably with 5,000 square foot home, private school, nanny, max out 529 max out retirement plus all the extras like nice new cars international travel 2-3 times a year

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03/15/2015 14:27

Subject: What is considered to be high income?

quote

Anonymous

Anonymous wrote:High income to me is over a million per year. It takes around 600k here to live comfortably with 5,000 square foot home, private school, nanny, max out 529 max out retirement plus all the extras like nice new cars international travel 2-3 times a year

I agree with this assessment of the $600k income. However, I consider that to be a high income and a quite comfortable lifestyle.

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03/15/2015 14:27

Subject: What is considered to be high income?

quote

Anonymous

Anonymous wrote:High income to me is over a million per year. It takes around 600k here to live comfortably with 5,000 square foot home, private school, nanny, max out 529 max out retirement plus all the extras like nice new cars international travel 2-3 times a year

I agree with this assessment of the $600k income. However, I consider that to be a high income and a quite comfortable lifestyle.

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03/15/2015 14:28

Subject: What is considered to be high income?

quote

Anonymous

Anonymous wrote:

Anonymous wrote:Not DC - DCUM. Plenty of people in DC earning $100K feel quite successful.

On DCUM, high income begins in the 7 figures, because that's what it costs to buy the basic necessities - a 6,000 square foot custom built home, a Tesla for every driving member of the family plus one each for the nannies, a nanny for every child under age 27, exclusive private school for the kids and the the dog, and annual vacations to European spas.

Except for the Tesla (and other exaggerations), that is a high income life. It is funny to me that PP on DCUM seem to think that everyone with a high income should live like a pauper. why? new custom home in "good neighborhood" new lux car, private school, nanny, car for nanny, dog care, many vacations in lux resorts -- that is how high income people live. now for the flood of responses about the millionaire next door who just sits and counts his money all day, while living on food stamps and driving a 25 year old car.

Millionaire next door is much more common that the lifestyle you outlined.

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03/15/2015 14:31

Subject: What is considered to be high income?

quote

Anonymous

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Not DC - DCUM. Plenty of people in DC earning $100K feel quite successful.

On DCUM, high income begins in the 7 figures, because that's what it costs to buy the basic necessities - a 6,000 square foot custom built home, a Tesla for every driving member of the family plus one each for the nannies, a nanny for every child under age 27, exclusive private school for the kids and the the dog, and annual vacations to European spas.

Except for the Tesla (and other exaggerations), that is a high income life. It is funny to me that PP on DCUM seem to think that everyone with a high income should live like a pauper. why? new custom home in "good neighborhood" new lux car, private school, nanny, car for nanny, dog care, many vacations in lux resorts -- that is how high income people live. now for the flood of responses about the millionaire next door who just sits and counts his money all day, while living on food stamps and driving a 25 year old car.

Millionaire next door is much more common that the lifestyle you outlined.

^ Fwiw, we have a net worth of 3 mil and don't live in a 6k sq ft custom home, employ a nanny, send kids to private school, or drive multiple Teslas. What you're talking about is more common among people who have like 25 mil + not a few million. The % of people who fall into that group is so small as to be insignificant, practically speaking.