Current Events > American's say they need to be in the top 3% of earners to feel comfortable

(+) Yeah! (+)

Deluded? I can tell you from personal experience that, even in SC, where the cost of living is kept artificially low, you need about 75k with a SAHM and a child to feel comfortable, and that is without any debt to service. But go ahead and call us deluded...national median is only 56K.

More than 2,500 US adults said they would need to earn, on average, $233,000 a year to feel financially secure and $483,000 annually to feel rich or to attain financial freedom, according to a new survey from Bankrate.

I expect people to have some understanding of their own society.

You can't even spell Americans.

Meanwhile we have wealthy people in this country making more income than they will ever use and then seeking out ways to keep even more it by not paying taxes and/or finding ways to skirt US law around financial instruments.

https://www.cnn.com/2023/07/06/success/how-much-to-feel-rich/index.html

Lol, the middle class is deluded.

Make half a million a year to feel comfortable?

I sort of blame the social media for this.

Make half a million a year to feel comfortable?

lmao the mentality of the 1% is spreading

Between the two of us, my wife and I make about 140k a year.

And its not enough. We have one kid, we own a home, two cars, and we try to save as much as we can but with bills and home improvements and student loan debt, I mean its like we live month to month more than we should. And we got lucky. We bought the house when interest rates were in the 2s, and Im only twelve months away from loan forgiveness, but Jesus Christ, the cost of formula and diapers today needs to be a crime against humanity.

I expect people to have some understanding of their own society.

Ugh. Toxic mindset

Like two week-long trips per year as a vacation aren't mandatory, but should definitely be in there.

Ugh. Toxic mindset

I haven't been on a vacation for 22 years.

I think railing against the 1% when your goals are to be minimum 3%, optimally 1%, might mean you need a little bit of perspective. But damn, call me pretentious.

The perspective people should have here is that income inequality is out of control. Not that the middle class is "asking for too much"

The perspective people should have here is that income inequality is out of control. Not that the middle class is "asking for too much"

Between the two of us, my wife and I make about 140k a year.

And its not enough. We have one kid, we own a home, two cars, and we try to save as much as we can but with bills and home improvements and student loan debt, I mean its like we live month to month more than we should. And we got lucky. We bought the house when interest rates were in the 2s, and Im only twelve months away from loan forgiveness, but Jesus Christ, the cost of formula and diapers today needs to be a crime against humanity.

This. What they ask for is to allow themselves the ability to buy things that are larger purchases without having to take out loans and also so they don't live with the constant threat of medical bills over their heads.

obscenely wealthy

Aside from the obvious fact that cost of living varies, what's "comfortable"? Being able to feed and house yourself? Being able to set your own schedule? Being able to support two kids with both spouses working? With one spouse working? What about being able to gain perspective by seeing the world? Or what if I just need to relax? What about private secular education for my kids? What about not having to worry about medical expenses? What if I don't want my children or grandchildren to struggle? What if I'd rather spend my time making art or in charitable endeavors instead of working?

The perspective people should have here is that income inequality is out of control. Not that the middle class is "asking for too much"