PixelNomad@sopuli.xyz to Asklemmy@lemmy.ml · 1 day agoAre people who make 200k a year "poor"?message-squaremessage-square24fedilinkarrow-up15
arrow-up15message-squareAre people who make 200k a year "poor"?PixelNomad@sopuli.xyz to Asklemmy@lemmy.ml · 1 day agomessage-square24fedilink
minus-squareRoguelazer@lemmy.worldlinkfedilinkEnglisharrow-up0·20 hours agoLicensed childcare runs between $2500 and $4000 per month per child here in the Bay Area; $200k salary is about $150k after tax. Doesn’t take a terribly big family to totally exhaust that amount if both parents need to work to bring it in.
minus-squareAndy@slrpnk.netlinkfedilinkarrow-up4·18 hours agoI’m not saying that you can’t run out of money if you make $200k. I’m saying that it’s not poor. If earning well above average in an area with a high concentration of high earners can be poor, the word means nothing.
Licensed childcare runs between $2500 and $4000 per month per child here in the Bay Area; $200k salary is about $150k after tax. Doesn’t take a terribly big family to totally exhaust that amount if both parents need to work to bring it in.
I’m not saying that you can’t run out of money if you make $200k. I’m saying that it’s not poor.
If earning well above average in an area with a high concentration of high earners can be poor, the word means nothing.