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They work for a University and have subsidized housing.
Still hard tho.
That or they are married, work second (or third) jobs and or any combination of the two.
Someone <40 in that profession is unlikely to have nabbed a below market RS apartment, so by "subsidized" housing am thinking NYCHA or any of the various "80/20" type schemes.
Sad thing is a Master's degree is required of those seeking employment in the field.
Very common NYC white collar household: non-profit worker/journalist/academic married to corporate lawyer/banker/consultant
That is how it works.
There is a wide field among the first section of professionals mentioned.
Non-profits can be anything from a budget of <5 million per year to those working with hundreds of millions. Journalists can be anyone from the New York Times to the Brooklyn Eagle. Academics again range from a tenured professor of economics at Columbia to someone teaching 100 level course at BMCC. In all cases it is not a given such persons all come from the same background or are necessarily "poor" or working class.
Recent data seem to indicate that for perhaps the past decade or longer marriage is more and more occurring between persons of same socio-economic backgrounds. You only have to look at the wedding notices in the Sunday New York or Washington Times to see proof.
Time and again you see in both straight couples and gay bankers marrying doctors, hedge fund managers marrying attorneys, and so forth. You also have performing artists marrying others of the same, Tech start up persons marrying someone of a similar background and etc....
What you also are seeing much more of is Ivy league grads marrying others from either their same school or a member of that league. Princeton marrying Princeton, Harvard marrying Yale, etc...
All this means the old concept of females (at least) being able to marry up and out of the middle or working classes is dying out. At least for straight men in certain socio-economic and demographics the ideal spouse is one that shares not only a similar background but can also pull her own weight financially.
I guess wall streeters are way off the chart to be included, right?
I would think that Wall Streeters are on there under Financial Managers in the $107k to $190k+ range---which seems about right if you exclude all the bonuses and other perks they get. But these are the guys who are in the upper-middle and higher echelons of the system. The advisers and analysts earn considerably less, even though they too get sizable bonuses.
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