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Making more than you does not make someone rich. If you really make 20K a year, then, you are poor. However, I have read enough of your posts to know that you have chosen to live the way you do...so you must be happy with less.
Making more than you does not make someone rich. If you really make 20K a year, then, you are poor. However, I have read enough of your posts to know that you have chosen to live the way you do...so you must be happy with less.
I'm not poor. If I was poor, I wouldn't be able to pay my own bills, much less support another person--but I have done so.
Making more than you does not make someone rich. If you really make 20K a year, then, you are poor. However, I have read enough of your posts to know that you have chosen to live the way you do...so you must be happy with less.
Between my widow's pension and social security, my current income is just over 2,000 a month, but since I started receiving the SS, I no longer feel "poor" because I can now start having some repairs done around here and replacing some of the old appliances. As someone said previously, if you have enough to pay all your bills, buy essentials (groceries) and have some left over for discretionary things, you are not "poor". Since the SS started coming in in August, I've been able to replace the dishwasher, my vacuum and my computer. I even bought a new artificial Christmas tree and just today, I made arrangements to get a new door installed for the upstairs atrium. Five months ago, I would definitely have defined myself as "poor", but it's amazing how little 'extra' one needs to consider themselves 'well off'.
I make in the neighborhood of that (think I came in a bit over this year) and I don't consider myself rich. I consider myself well-off.
But then again, I don't consider my annual income to be what constitutes my wealth. I consider it what I save every year. Wealth accumulation is more important than income.
I make in the neighborhood of that (think I came in a bit over this year) and I don't consider myself rich. I consider myself well-off.
But then again, I don't consider my annual income to be what constitutes my wealth. I consider it what I save every year. Wealth accumulation is more important than income.
exactly
I could earn one million, but if my debts (overhead(to include all taxes) is 990k, then all I have is 10k in the bank....yet if I earn 40k, and only have an overhead of 10k, I have 30 k in the bank...so who is richer???
why do liberals think rich, is someone who has a job
How can anyone say with a straight face that an income of $300,000 is middle-class? Even on the Upper East Side of Manhattan, 300K would be very much above average.
Less than two percent of households in America make $250k or more. How can you be part of the richest two percent in the nation and still be classified in middle-class?
How can anyone say with a straight face that an income of $300,000 is middle-class? Even on the Upper East Side of Manhattan, 300K would be very much above average.
New house cost to build is 80-200/sqft.
Cost in the UES is $1200/sqft or 6-15 times more expensive. A basic 3br apartment is going to bang you starting at $1.2 million dollars. Assuming 10% down, your mortgage is around 65,600 a year plus around $12,000 in maintenence fees, plus around $12000 in taxes. So around $90K and you haven't even started to talk about increased prices of transportation, parking, food, etc. And remember your only bringing home $210K-ish. And this couple is stuck working for the rest of their lives to afford this small apartment.
To simply point to money and say they are X income bracket is foolhardy, though I agree they are not middle class but nor are they rich by any means.
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Even on the Upper East Side of Manhattan, 300K would be very much above average.