Posted on 10/27/2019 4:16:29 PM PDT by Diana in Wisconsin
Jenny Castillo makes over six figures, owns multiple homes in DC and vacationed in three countries already this year. But at the end of each month, she’s still counting pennies.
“Adulting is very expensive,” Castillo, 32, tells The Post. “Yeah, on paper I make good money, but when you factor in debt, cost of living and lifestyle, it’s not.”
Even though Castillo makes more than 75% of the US population, according to 2014 US Census Bureau data, she insists there’s not much left after shelling out for rent, bills, savings and her pleasure fund.
“I have a separate account just for fun things,” Castillo says, listing travel, eating out and stays at luxury hotels as her musts. “Self-care is something I prioritize in my life, and I don’t feel guilty about it.”
Castillo is a HENRY — short for High Earners Not Rich Yet. Though the term was first coined in a 2003 Fortune magazine article, it has since come to describe a burgeoning class of mostly millennials who make between $100,000 and roughly $250,000 a year, experts say. This cohort is also all about maintaining a particular lifestyle — whether that’s traveling to the latest jet-set destination, eating at a trendy restaurant or splurging on a spa treatment and green juice. But their taste for luxury — and the pressure to keep up with their well-heeled buds on social media — has some HENRYs feeling more strapped than stacked.
“I feel like I’m living paycheck to paycheck, and have been for forever,” says a 30-year-old graphic designer, who wished to stay anonymous to protect her job.
(Excerpt) Read more at nypost.com ...
Your decisions.
Both in where you live and whom you vote for.
People who spend all their money on Escalades, bling and hoes will never have “wealth” not matter how much of other peoples’ money you steal and give to them.
Jenny Castillo makes over six figures, owns multiple homes in DC and vacationed in three countries already this year.
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She is spending more than she makes, Jim.
Fer chrissakes, I’ve never made more than $30,000 a year, yet I have a house, savings, and retirement once I stop working. The key here is the fact that government schooling, for years, have advocated government control of every aspect of people’s lives and have shamed rugged individualism.
(Of course, if I lived in California I wouldn’t have a house, savings, nor any chance at retirement, but I digress.)
I used to live on less than 20K a year, no welfare of any kind, up until I graduated law school. That was 20K for both me and my mother, living in the same apartment. Didn’t consider myself poor either, since I had plenty of suits and nice things. Our apartment was also fixed up very nice. The complex itself was pretty shitty though, in with the illegals who lived like sardines next door, and who would pile trash in their homes because they were too lazy to take it to the dumpster. Apartment workers would remark that our place was spotless, but walking into an illegal’s den was a nightmare.
Anyway, I live in Texas, so maybe the cost of living is just better than these shitty blue states Democrats live in.
Just think how far you could have gone with a masters degree in gender studies.
Speaking of that, how much do baristas make these days?
Get over yourself, honey.
Honestly, if ever TSHTF, she won’t last more than a couple days.
Damn. What do they do to make so much money?
Change your “Life Style”. First give 45% of your salary to homeless shelters and Global Warming fixer upper organizations. You will FEEEEEEEL better.
Based on her picture, her pleasure fund ought to be adding to her income.
Few realize that the $4 trillion 80% + unconstitutional Totalitarian Federal Government Beast causes relentless inflation, which is a hidden tax. Big government spending causes relentless inflation which is why prices rise inexorably on a periodic basis.
Been going on since the early 1900’s when the Left was allowed to hijack our Free Constitutional Republic and grow the size of the feds to where now the feds are basically and illegally totalitarian.
Get rid of the 80% unconstitutional portion of the feds and inflation would stop in its tracks, and prices would settle while the economy would soar (along with our freedom).
In the wise words of Forrest Gump,” stupid is as stupid does.”
It's not what they do to make so much money, it's where they do it to make that salary.
NYC, DC and SF all require that kind of salary just to live there.
“vacationed in three countries already this year. But at the end of each month, she’s still counting pennies. “
Anyone who vacationed in 3 countries in a year might be having budget issues.
Unless they are a Dem politician getting paid to do it.
It is a fact that no matter how much a person earns, they can spend more than that amount.
When people have never learned to manage money, even if they obtain tens of millions, they blow through it in a few years.
To prosper and create legacy wealth, all they need to do is to save and invest 15% of what they earn.
In the United States this is relatively easy, if you have a little bit of will power and understand your goals.
If you have never learned to manage money, most people simply spend what they have on generally meaningless "status" symbols.
Many give away enormous amounts to greedy relatives and "friends" who blow through it.
Many spend thousands every year on eating out.
More spend thousands every year on cigarettes and alcohol, especially at bars.
Going into debt, especially with credit cards, puts you on the path to fund other peoples wealth.
I have taken numerous trips that cost me little, but were great vacations.
In my experience, eating at a hole in the wall restaurant often beats the $200 a plate meal.
I have had more fun with my $50 kayak than most have with their $50,000 power boats.
Yes, I am bragging, not complaining.
Oh cry me a river.
What a crock of crapola.
I still can’t tell if this is supposed to be satire or a real story.
“I feel like I’m living paycheck to paycheck, and have been for forever,” says a 30-year-old...”
30 year old...Have been forever...ROFLMAO...
She has no clue what real life is about yet...
“... when you factor in debt, cost of living and lifestyle...”
Problem statement, in fact.
And, you have the ability to control each of these...
So, it seems the issues is self control, not some mysterious external force that controls your financial decisions.
Whodathunkit???
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