Oh, well when you put it that way, you’re right! It sure is hard to live on half a million a year!
Every apologia for the rich sounds like a call for revolution.
Now, I’m no fancy accountantmatician, but when counting the three vacations, payments on the second car, children’s lessons, and “miscellaneous” as part of their “left over” income, then this family actually has $52,100 left over every year. Throw in the additions to their food costs of their 26 date nights a year, and their left over income after all standard expenses is probably at least $55,775 the median total income of American households.
This family can pay for all basic needs, a car, multiple forms of insurance, $18,000 a year in charitable donations, and a huge retirement savings account, and still have as much money as the average American family has total.
here’s why a couple earning $500k a year in new york city ends up with nothing besides 401(k) $$
