PixelNomad@sopuli.xyz to Asklemmy@lemmy.ml · 7 days agoAre people who make 200k a year "poor"?message-squaremessage-square28linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1message-squareAre people who make 200k a year "poor"?PixelNomad@sopuli.xyz to Asklemmy@lemmy.ml · 7 days agomessage-square28linkfedilink
minus-squareAndy@slrpnk.netlinkfedilinkarrow-up0·6 days ago$200k is not poor in San Francisco. It’s still significantly above average, even in San Francisco.
minus-squareRoguelazer@lemmy.worldlinkfedilinkEnglisharrow-up0·6 days 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-up0·6 days 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.
$200k is not poor in San Francisco.
It’s still significantly above average, even in San Francisco.
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.