Reply to s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?

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Reply to "s/o - feeling "poor" at these ludicrously high incomes. what are they actually missing?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Because these people are spending 75 percent of their 300k plus salary on childcare, taxes and housing.  [/quote]

I think this says it all.  [/quote]

Yep, though I would add student loans to that list. That is why people feel poor on high incomes.  Because paying your 2K student loan payment every month (which is the payment for a PUBLIC law school or medical school), and paying your 3K mortgage (for a house that was considered middle or even working class in the 80s and 90s, but is now very expensive), and paying 3K a month (at least) for daycare or a nanny for 2 kids, while very costly, does not feel luxurious, yet that (plus 28% or so in taxes) is where the majority of your money goes.  Add that to the fact that some of these high income jobs come with brutal hours, and no, these people do not FEEL rich.  I used to be one of those people, and got so sick of it we moved to a lower cost of living area, where we make much less money, but now have a very nice house, and much lower childcare costs.  So I can say while I was objectively "richer" before based on income alone, we are much much wealthier now in terms of lifestyle.  So I totally het how people who make much more money than me don't "feel" rich.[/quote]

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