Reply to Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”

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Reply to "Goldman Sachs: 40% of $400-500K and $500K+ households “live paycheck to paycheck”"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We make about $450k. We max out most deductions, have a $4,800 mortgage payment, no daycare or debt and we pay cash for cars and vacations, and I can not fathom paying for a nanny, dual private, country club, and cleaning. When college comes we have savings. No quarterly tax payments (we're regular employees). [/quote]

Must be nice to have such a low mortgage [/quote]

Two GS-15 Fed on 375K HHI.  No mortgage on a 3.5M home in McLean, no car payment on two 2024 Lexus vehicles, 2M in TSP and 4M in investment.  I only pay utilities, property tax, home insurance, home maintenance.  I am a sucker for guitar and piano.  I recently bought a 150K piano and three vintage guitars for 40K each, without breaking a sweat.  Still have a lot left over on both paychecks.[/quote]

What’s your point other than to brag? What did you pay for your house (not what is it worth)? I’m assuming you pay at least $35K a year in property taxes. Inheritance or stock market picking a winner or two because there is no way you could do that with $375K HHI.[/quote]

It literally doesn't add up so either 1) complete BS or 2) tons of outside help so it's still BS. There is absolutely no way to afford those specifics at 375k/year. [/quote]

Prior poster - I suppose the other poster could be right at retirement age (2 GS-15's doing the bare minimum and failing upward)  and fibbed a bit on the house price and it could *possibly* make sense, but this is by no means possible unless you are in your late 50s/60s and you were completely lucky buying at the bottom. Still calling BS, but I guess it could happen and they were right here to brag on this thread  :mrgreen: [/quote]

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