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Reply to "What HHI is needed for this lifestyle in the area?"
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[quote=Anonymous]So much factors into this. Is the income from one person with a very secure job (ie a doctor) and a spouse who stays at home? Is it 2 people with not very secure jobs who each make $300K Is a lot of the total income in a bonus that is not guaranteed? Do you have high child care and general outsourcing costs because of demanding jobs? Did the HHI recently increase so there is a need for catch up savings and maybe also paying off student loans? When did they buy their first house/condo? We make $650K and in no way live like this, but we also have not made anywhere near this much until recently and are trying to save $100K/year in mutual funds separate from saving a lot for retirement (due to paranoia about high incomes going away). [/quote]
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