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Reply to "Why do people pretend HHI matters? And use it as a gauge for consumption/lifestyle"
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[quote=Anonymous]I am sick of its use. It is worthless. If you are 300k HHI with a trust fund and rich parents, you can afford a 2 million house, hell go nuts, do 3 million if you want to, go take that bahamas vacation or in the french riviera. If you make 300k HHI and have to subsidize your parents or siblings, it becomes a completely different story all together. Sorry, "high-ish" incomes means very little in this world, especially with a high marginal tax rate. If you had 5 million in wealth, you could live like a king on 100k of income, you could lose your job and not worry for a while. If you are 100k in student debt and no wealth, your 500k HHI means very little in a high COL area, if you are laid off, you are extremely stressed financially. [/quote]
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