General Discussion
In reply to the discussion: $20,833.00 per month???? [View all]quakerboy
(13,916 posts)a 1.5 million dollar home is a 5000 Monthly payment.
200k is 16,666 per month. Be generous and assume they pay full taxes, $5000 per month.
Leaving 6,666 per month. You got electricity, gas, cable, phones. These can be had for the same price as a less well to do person. Figure you up your food game, where most people make due on a few hundred a month give or take, you spend a thousand. take out some for savings, some for retirement, some for cars, etc. You still end up with more discretionary income than most people have total income.
200k. Call it working class, I think it often may overlap. Its arguably even middle class. But calling it "not much" is insulting to the rest of us who may well not see that much in a decade, and yet manage to live reasonably, sometimes even comfortably. Its only "not much" if you are a consummate consumer without regard to personal fiscal responsibility. Even in "expensive cities" like NYC or LA.