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Reply to "40% of people making 500K/year are living paycheck to paycheck"
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[quote=Anonymous][quote=Anonymous]The entire premise of The Bonfire of the Vanities - both the book and the movie - was a man having a tough time making $950,000 in Manhattan - in like 1990. The New York and San Francisco life with kids in 2026 is absurdly expensive. $500,000 isn't coming anywhere close to managing it for a family. [/quote] Oh come on. We're in Chicago. Not as expensive as SF or NYC, but we live quite nicely on 150k. We save for retirement and college. We pay more than we owe each month on our mortgage and have no other debt at all. We take one big vacation every other year and a few smaller ones in between. Don't tell me that those other cities COL is triple cause I don't believe it, especially if you aren't stupid about money. Maybe the COL is 50-60% higher, but nearly triple? Nah [/quote]
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