Reply to Why a 300-400k salary doesn't feel rich

Forum Index » Money and Finances

Reply to "Why a 300-400k salary doesn't feel rich"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Overall quality of life is decreasing for everyone, from the lower class to the upper class. Even though percentage wise this income puts you in the 97-99th, it doesn't feel that great because a top 3% lifestyle now is different from a top 3% lifestyle 50 years ago. Going down to the 90th percentile which is under 200k/yr, most families who make that are barely getting by. To really be comfortable nowadays you need to be in the top 0.5%, not even a 1% income feels that rich.[/quote]

It's more simple than that. It doesn't feel rich because you have a spending problem. [/quote]

I would define rich as someone who can spend a lot of money and it wouldn't make their finances bad. Most people who I've met with "spending problems" are people who grew up poor and are used to spending all of their money the moment they get it.  Unfortunately, it's relatively unusual for a poor person to make it to the top 10% income, which means most people with a high income don't have a spending problem.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics