Reply to How do households live on less than 100k a year?

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[quote=Anonymous][quote=Anonymous]People have such a hard time living off 200k because of lifestyle inflation, not because of high cost of living. Many people with that income have two new SUVs, live in an expensive area and travel internationally once a year, and can't imagine anything less than that. At the same time, they look up to multimillionaires who drive luxury cars, live in mansions located in even more expensive areas and probably travel several times a year to more lavish destinations, so they feel average in comparison.

The truth is, t[b]he median household income in the US is around 75k[/b] and the majority of households survive on less than 100k a year. The majority of americans live in condos and smaller houses in cheaper areas, many of them aren't homeowners. They drive used cars or use public transit. International travel for them is a once in a lifetime experience or something they do once every a few years. Real life isn't a DCUM bubble.[/quote]

Lots of poverty in the US [/quote]

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