Reply to What HHI is "success" to you?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]There is no HHI that is "success" to me.

Successful marriage, maybe well-adjusted children.  Positive relationships with friends and family. Being in a position to give back to my community (and following through on that).

THAT is success.[/quote]

Defining success based on HHI is so arbitrary and relative.  $500k is a lot for Nebraska, but not for NYC or Palo Alto.  $500k is a lot for 1 person, but not a family of 7. [/quote]

Jesus. 500k is a huge income even if you live in an expensive area or have a lot of kids.[/quote]

Not really.   Here's 500k in NY:

200k taxes, including city

You're left with 300k to pay for:
100k - two kids in private school 
60k - renting two bedroom apartment 
12k - garaging car and car expenses 
25k - children's' activities 
50k - 1k a week for groceries, dining out 
So you have 53k leftover and that's without taking any vacations, buying clothes, etc.  plus you need to keep saving for an apartment since your rent will go up $200-400 every month.

[/quote]

A lot of assumptions baked in here [b]($1,000 a week on groceries and dining out?)[/b], but also, your paltry leftover amount is only a few thousand dollars less than the median national household income.[/quote]

You've clearly never lived in NY.  [/quote]

It's obviously possible to spend $1,000 a week on food in New York (or in D.C.). It's not clear that it's MANDATORY to spend $1,000 a week on food. It would be theoretically possible to construct a household budget that put less than $50,000 a year into dining and groceries.[/quote]

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