Look, I work in finance and I understand basic economics and I understand people have debt.
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But the ability to even generate debt is a sign of privilege. 6 figures puts you at almost 2x the median *household* income.
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So regardless of the debt you carry or the expenses you incur, that level of money is rich, and a lot of people around you don't have that.
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"You need to make $140k a year just to live in SF." Yeah and you live in SF.
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$140k doesn't seem like much after you've spent it all on bad decisions.
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in all seriousness the standard of living afforded by a 120k income in sf is about the same as 60-70k in a southern city
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alice and i just got a fuckload richer by moving it's pretty incredible
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i crossed the six figure threshold in the same year i experienced chronic housing instability because of a bad relationship
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my salary could buy a house outright in florida but i’m still years and years away from a down payment on a tiny condo in the suburbs
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it’s a completely different economy from the rest of america
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Yep. But name two other cities where you can have that level of access to jobs, education, culture.
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If I lose my job I have to sell my house and move or pray for remote work. There are no opportunities here.
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Like, I’m not denying that there is substantively less opportunity in C’ville and other places. I migrated here from Tampa for that reason.
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I grew up in a neighborhood where most families had 200k+ household income. Everyone said they were "middle class". Never rich.
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Its so wild to me looking back now as an adult. Everyone there only ever lived in that area. It's all they knew.
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They just assumed 70%~ of Americans lived like that so they were all average. No way they were rich.
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I don't know what the result of this sort of dissonance is, but it can't be good
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It's really easy to be on that hedonic treadmill to "250k/yr salary barely pays for my kids private schools and our vacations"
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I thank my mother for buying me Bonfire of the Vanities as a teen so I feel out of love with wanting that treadmill so bad
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I would suppose many think "rich" means "no longer needs to work." In that way, 6 figure household who live paycheck-to-paycheck are !rich.
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Sure, but there's a difference between rich and independently wealthy. (That originally autocorrected to "indecently".
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