2.5M post tax lets you move to the suburbs and live off of $50k/yr from bonds (nothing) or $200k/yr from 8% stock market returns $200k/yr isn't rich, but one can surely retire on it and have a nice $600k house using 3:1 borrow vs income
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Replying to @MattCropp @eigenrobot
It's a middle class income for a family. Quite comfortable! Very comfortable! ...but not remotely "rich".
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Replying to @MorlockP @eigenrobot
Top 5% of wage earners is not remotely "middle".
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Replying to @MattCropp @MorlockP
might be when you adjust for local cost of living
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Replying to @eigenrobot @MorlockP
To a certain extent, but there's a lot of lifestyle inflation at play in those situations, too. Feeling entitled to sending kids to private schools, etc.
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I was a fac brat in a prep school, and I distinctly remember a certain classmate claiming to be middle class by referencing the cost of yacht sails as a burden. His sister threw a tantrum when the family got a A4 rather than an A8, b/c "that's what poor ppl drive".
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Replying to @MattCropp @MorlockP
I mean full context I earn more than 200k in Seattle its comfortable but not, you know, /comfortable/ I don't own a car, I have no idea how I'll ever afford a down payment on a house here Possibly I oversave idk But I surely dont feel RICH
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Replying to @eigenrobot @MattCropp
Similar income. Feel much more comfortable than that (bc in boonies, and 25 years of adulthood acquiring tools and furniture and house) but also absolutely not rich. Two meals out per week at "family dining" tier places.
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it would be if I lived in a city with tons of choices living in the boonies where nearest food is ~30 min away means less of a problem
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