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Most Americans who earn $90,000 a year say they don’t consider themselves rich
Market Watch ^ | 1/26/2019 | Andrew Keshner

Posted on 01/27/2019 5:41:47 AM PST by Gamecock

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To: albie

Sounds like an affirmative action recipient. Especially if it’s in NYC. Women are a protected class under EEOC regs and employers act accordingly. In case you didn’t know. BTW how many white males have you seen working the cushy $80k jobs at the post office lately? You don’t see any in Florida. Last time I was at the post office I asked a customer why that was so. His reply was the reason there’s no white guys behind the counter is because “the pay isn’t high enough”. Give me a break. An $80k gig in Florida would be like manna from heaven.


41 posted on 01/27/2019 7:02:46 AM PST by 4Runner
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To: Gamecock

If you pay for multiple kids to go to school, pay a mortgage, pay utilities, pay for the upkeep of the house, buy groceries, health and dental insurance, and one or more car payments, then that $90,000 isn’t so impressive.


42 posted on 01/27/2019 7:09:00 AM PST by Crucial
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To: Gamecock

In addition to the comments about cost of living vs location, I have another.

Once you have a decent listed income, many, many things become more expensive as you lose government subsidies. I’m thinking of college tuition, as one example. I have a liberal relative who deliberately stayed unemployed and partially employed for longer than he needed to so that his daughter could get a free ride at the state college, because it made their FAFSA application look needier.

This topic is well discussed under the topic of the marginal tax effect of phasing out government benefits.


43 posted on 01/27/2019 7:14:13 AM PST by Pearls Before Swine ( "It's always a party when you're eating the seed corn.")
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To: Gamecock

25k for a family of four, but what they don’t tell you is: free health care, section 8 housing, free phone, reduced water/electric/heat, free school lunch, WIC, welfare, SNAP, etc. I’d say that brings the total up to about 70K, very close to what a real working family makes.


44 posted on 01/27/2019 7:15:52 AM PST by krug
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To: Gamecock
It depends on your life expenses (do you have a family; 1 kid or 10?). Cost of living where you live.

$90,000 in DC is nothing compared to $90,000 in rural, low tax state.

45 posted on 01/27/2019 7:16:51 AM PST by yesthatjallen
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To: Gamecock

Our household income is substantially above that level. We are scrambling to get every penny in the bank to avoid being dependent on Social Security.


46 posted on 01/27/2019 7:17:39 AM PST by Vermont Lt
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To: 4Runner

My daughter earned her job thru her background, leadership and interview skills. 2 girl friends of hers (among others) applied for the same job.


47 posted on 01/27/2019 7:21:08 AM PST by albie
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To: Gamecock

Income/Outgo is one thing.

Accumulating Wealth is another.

You can bring in over 100k a year and still be poor as a pauper and in a self inflicted debt hole..


48 posted on 01/27/2019 7:22:07 AM PST by TADSLOS (Who will be our John Brown?)
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To: Gamecock

“I suspect this is Dems priming the pumps to raise taxes on those earning above $90k.”

Absolutely - on Joe and Jane Average. I will bet you that $90K that AOC will not touch the truly rich like Meryl Streep or Leonardo DiCaprio or Warren Buffet or Zuckerberg or Mike Bloomberg.

Those people NEVER pay. They buy the politicians that write the tax laws!

Wait! Maybe not $90,000...


49 posted on 01/27/2019 7:22:33 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Gamecock

LOL!! 90K was once known as 9K and bought as much as 90K buys today. 1957 was the year. You could buy a 3 BR house for 10K in the burbs. If you made 15K a year, that was a great salary, the avg job only brought you about $5200 a year. Then again, a doctor visit was like $15, and they drove to your house. Yup we are sooo much better off today. s/


50 posted on 01/27/2019 7:25:17 AM PST by Bringbackthedraft (What is earned is treasured, what is free is worth what you paid for it.)
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To: Bringbackthedraft

P.S. The wages were the same in 1962 where I earned $5200 a year as a new teacher. I left that job for a $71 a day job. (once a month)


51 posted on 01/27/2019 7:28:43 AM PST by Bringbackthedraft (What is earned is treasured, what is free is worth what you paid for it.)
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To: Gamecock

I’m rich! I’ve had an incredible life: Been married 33 years; have 18 children; have traveled extensively; lived all over; and have a God who loves me. I went to college back when we had only 6 kids and made less than $12,000 a year. We were rich then.

I make over 18 times that now, and I’m still rich. My home is in Florida, and every morning I wake up feeling blessed. I’m currently on an OCONUS contract, and appreciate our country more every day. We are all rich; too many don’t understand that there’s no amount of money that brings contentment. Living the life God grants us is richness in itself.


52 posted on 01/27/2019 7:29:53 AM PST by antidisestablishment (The blood of children is Folly's currency.)
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To: antidisestablishment
18 kids? You’re no only rich, you’re potent! 😀👊🏻
53 posted on 01/27/2019 7:33:23 AM PST by TADSLOS (Who will be our John Brown?)
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To: b4me

Well, some expenses are unavoidable. I support a 2nd household (sick family member with 3 young sons). We all have different situations.


54 posted on 01/27/2019 7:41:00 AM PST by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: Gamecock

When I was making a wee bit over $100K I didn’t consider myself rich, well to do certainly, but rich? No.

OTOH, the cost of living in Silicon Valley was so high, most of that was eaten up by normal day-to-day expenses.


55 posted on 01/27/2019 7:42:11 AM PST by null and void (Build the wall, or don't get paid at all.)
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To: tet68

I’m rich by the measure in both your posts.


56 posted on 01/27/2019 7:46:14 AM PST by null and void (Build the wall, or don't get paid at all.)
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To: joma89
It is not relevant how they feel. They are rich. Trust me. I lived a year in east Africa.

I LIKE living in the only time and place in all of recorded history where the poor people are fat!

57 posted on 01/27/2019 7:48:11 AM PST by null and void (Build the wall, or don't get paid at all.)
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To: Gamecock

$90 or $100 thousand a year? “Rich?” LOL! Not even close.

In NYC if you’re single and you make less than $100 thousand a year, you’re poor. $100 thousand a year there allows you a middle class lifestyle. The costs are certainly less than that in other places but if you’ve got a large student loan payment to make - which many in white collar jobs who earn around that amount do - that again can easily put you on a par with NYC costs when accounting for that monthly payment.


58 posted on 01/27/2019 7:49:51 AM PST by FLT-bird
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To: tet68
If I was making 90 I would be wealthy. As it is I’m rich at making 25. I have a roof over my head, a vehicle, food enough for my dog and myself.

Ditto. Too many don't live within their means.

59 posted on 01/27/2019 7:52:05 AM PST by bgill (CDC site, "We don't know how people are infected with Ebola.S)
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To: Gamecock

Agreed. In the Soviet Union, all it took was owning two cows to be considered a Kulak and thus to suffer horribly at the hands of the commies. Gotta pay for all that socialism they want somehow. Once you confiscate all the wealth of the billionaires and millionaires it doesn’t come close to covering the cost. So they’ve got to define “rich” down so they can force upper middle and middle class folks to pay their “fair share”.


60 posted on 01/27/2019 7:52:54 AM PST by FLT-bird
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