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What she is saying is that you seem to be making a lot of assumptions.
You do not know the intimate details of all your friends plans.
When couples chose to live on one of the spouses incomes only they usually have some kind of backup plan or alternate "plan B" if there situation were to suddenly change. This is usually private info between the couple and possibly their financial advisor.
I don't understand what that changes.
Where they live and their lifestyle is not reflective of what they make, but what their spouse makes.
BTW, I feel people are rushing to refute me because I used a woman in the example. So, let's just say it is a man. He has a Bachelors in something relatively useless, has no career to speak of and is married to a woman who is a dentist. They live in Midtown Manhattan, he gets his hair done at a top salon often, has drinks and dinner at fancy places, and doesn't work. When/if they split, he won't be able to sustain that lifestyle. He is in essence living a lifestyle that is supported by his spouse.
As is right now, I know a few women who have gotten accustomed to lifestyles they could never afford on their own. Not lavish like movie stars by any means, but they live in very nice apartments in very nice parts of NYC, go to nice restaurants, and wine bars, and all that jazz, all without working.
If they were at it alone, and left to support kids on only child support. Wow! It would be a mess. And these are not super wealthy men. So, even per-nuptual aside, they live off of the man's salary, not his assets.
But they are pretty women, and I guess that's how they got the guys in the 1st place, so I'd assume they'd be able to land another.
I mean, they are all nice women actually, but it's quite an interesting question actually. What will happen to them when it falls apart?
When? When it falls apart? Why assume their marriages won't last?
Where they live and their lifestyle is not reflective of what they make, but what their spouse makes.
BTW, I feel people are rushing to refute me because I used a woman in the example. So, let's just say it is a man. He has a Bachelors in something relatively useless, has no career to speak of and is married to a woman who is a dentist. They live in Midtown Manhattan, he gets his hair done at a top salon often, has drinks and dinner at fancy places, and doesn't work. When/if they split, he won't be able to sustain that lifestyle. He is in essence living a lifestyle that is supported by his spouse.
What "the spouse makes" IS what they (the couple) make
Regardless of which spouse is working while the other stays at home, it's a TEAM EFFORT and it's THEIR money because they are each in their own way supporting the other.
If something happens to the bread winner there's a backup plan. Unless people are just really stupid.
What "the spouse makes" IS what they (the couple) make
Regardless of which spouse is working while the other stays at home, it's a TEAM EFFORT and it's THEIR money because they are each in their own way supporting the other.
If something happens to the bread winner there's a backup plan. Unless people are just really stupid.
My husband is the breadwinner. Like you said, we have a back up plan. It would be tight, but we do have a contingency plan.
And my husband's money is my money. When we were deciding whether I should stay home or not, this was one of my issues. It was a point of pride for me. I had a hard time with it. But eventually he got through to me. Just like when I was working and he wasn't, my money was our money. It's the same now that he's working and I'm not. His money is our money.
The wikipedia link is actually median US Household Income. Not average Wage. I posted the average household income for my area. The median Household Income for my area is $72k. I don't know the statistics. But a lot of people can't afford a house here so they tend to live in condo's or townhouses. My friend's condo has an indoor and outdoor pool and gym and bar and bowling alley in the building. Beautiful building.
I looked the Median Canadian Household Income. $69,860. The Canadian dollar has pretty much been on par for most of the time for awhile now, so I didn't bother calculating the difference.
Is this in the city or out in the suburbs of Toronto? It's like that right outside the DC area or in the city as well.
Quote:
Originally Posted by jobaba
I don't understand what that changes.
Where they live and their lifestyle is not reflective of what they make, but what their spouse makes.
BTW, I feel people are rushing to refute me because I used a woman in the example. So, let's just say it is a man. He has a Bachelors in something relatively useless, has no career to speak of and is married to a woman who is a dentist. They live in Midtown Manhattan, he gets his hair done at a top salon often, has drinks and dinner at fancy places, and doesn't work. When/if they split, he won't be able to sustain that lifestyle. He is in essence living a lifestyle that is supported by his spouse.
Please take this to another topic. I made it quite clear in the OP that I didn't want this to turn into a gold digging or women bashing topic.
I know her financial situation because she doesn't work. They don't all have children. And I know their financial situation because I know where they live, how much their rent/mortgage is and the restaurants they go to.
I'm not saying they're bad people. I'm just saying their lifestyle is based off of one income. If that income were to disappear, then their lifestyle would completely change.
You're saying you don't know anybody like that?
I just don't assume to know what's going on behind closed doors. Even my best friend has assets where I don't know the specifics. Did her gram leave her 500k or a 1 mill? I don't know and I don't ask. And I don't share my details with anyone, but my husband. Ultimately, you really don't know anyone's business, but your own, either.
Where they live and their lifestyle is not reflective of what they make, but what their spouse makes.
BTW, I feel people are rushing to refute me because I used a woman in the example. So, let's just say it is a man. He has a Bachelors in something relatively useless, has no career to speak of and is married to a woman who is a dentist. They live in Midtown Manhattan, he gets his hair done at a top salon often, has drinks and dinner at fancy places, and doesn't work. When/if they split, he won't be able to sustain that lifestyle. He is in essence living a lifestyle that is supported by his spouse.
It doesn't have anything to do with gender, but experience in a marriage and the finances involved. Plus, again, people always think they know, but that's not a sound approach to anything in life imo. Be clear on this, you could not begin to know the private finances of one couple to the next. There is so much involved and it's so variable.
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