Reply to Do you make $400,000 a year but feel broke?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]But it is. I tell you what, hearing about people making $400k who think they deserve financial aid makes me want to take to the streets and start burning things down. And I have nothing against people having wealth, making the choices that get them money, etc etc. But your sense of entitlement is really - well, I would say it's positively trollish, but I think you might actually mean it.[/quote]
Take to the streets - I'll throw the first bottle.  I think the problem you're having is that you're stuck thinking about this from your own experience, so you're perceiving a fantasy world that doesn't really exist at the higher income level.  I've lived at both extremes (and would have probably had the same views as you 10 years ago), so I think I have some perspective on the realities of life at both HHI levels.

Again, I'm not complaining that life is tough at $400k.  It's not.  But it's not like money is growing on trees at that level such that you can spend with no consequence.

Another example on the extreme... my grandparents had 10 kids.  They were not wealthy, but in a hypothetical world where that same family exists today at a high HHI like $400k, would you really expect every school-age child to pay full freight at a DC private?  I think you'd have to agree that would be crazy - and likely impossible even they were willing to make every financial sacrifice possible.  My position is simply that financial aid policies should endeavor to permit every family to have a rational basis to send their kids to private.  And in very rare circumstances, even a $400k HHI could qualify some small level of aid if there were enough tuition bills (and the income was recent with no nest egg supporting it).  [/quote]

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