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well that's the thing about america people work like slaves attempting to achieve as much as possible but they still live pay check to pay check and have to deal with medical and educational payments. in western europe, people don't need much to live comfortable and have the basic necessities of life. in some aspects, there are certain things here that are more expensive than in europe.$150k/year seems like a whole lot for any household to me. Cost of living must be extremely expensive relative to ours.
My mom's net income is €1600 a month and that's sufficient to us tbh.
$150k/year seems like a whole lot for any household to me. Cost of living must be extremely expensive relative to ours.
My mom's net income is €1600 a month and that's sufficient to us tbh.
Think about it. A two bedroom apt will run you 2-2.5k in a neighborhood I would be interested in NYC. Some here might say I’m pompous but it’s just reality and where I want to live. A house will run you now at least 600-700k. NYC is expensive as ****.
Think about it. A two bedroom apt will run you 2-2.5k in a neighborhood I would be interested in NYC. Some here might say I’m pompous but it’s just reality and where I want to live. A house will run you now at least 600-700k. NYC is expensive as ****.
Yeah both education and healthcare are relatively cheap here, which helps many people. We have one of the highest tax rates in Europe but it greatly benefits our society as a whole. As I mentioned earlier I paid my dad's hospital bill earlier today for a roughly 5 week stay in the hospital including a few days in the ICU and it only came down to €3304 for me. He had lost his work insurance after getting fired around the end of 2016 so I had to pay the full patient cost, otherwise I would get all of the money back if it was covered by his former employer insurance or my current 100% coverage insurance plan.well that's the thing about america people work like slaves attempting to achieve as much as possible but they still live pay check to pay check and have to deal with medical and educational payments. in western europe, people don't need much to live comfortable and have the basic necessities of life. in some aspects, there are certain things here that are more expensive than in europe.
not necessarily true. plenty of rich people who are frugal. sometimes, it is the reason why they are rich because they don't spend on meaningless things and prefer to save. but like your stated, it just depends on the individual.there was an article a few months back (i think i posted it in here) about a family making $500k in NYC and they complained it wasn't enough.
there's also people making ~$100k who are living large in cities in NYC.
it's all about perspective and situation. the $500k that was complaining was sending their kids not just to private school but to other expensive lessons. they had a big mortgage and other savings. although their $500k was being used up, they were piling up pretty large assets.
people who make >150k but are struggling have never learned how to be frugal. and you can still live well while being frugal.
there was an article a few months back (i think i posted it in here) about a family making $500k in NYC and they complained it wasn't enough.
there's also people making ~$100k who are living large in cities in NYC.
it's all about perspective and situation. the $500k that was complaining was sending their kids not just to private school but to other expensive lessons. they had a big mortgage and other savings. although their $500k was being used up, they were piling up pretty large assets.
people who make >150k but are struggling have never learned how to be frugal. and you can still live well while being frugal.
The Defense Department has not sent enough troops and vehicles to hurricane-ravaged Puerto Rico but will soon send more, according to the three-star general newly in charge of coordinating the military response.
Army Lt. Gen. Jeff Buchanan said Friday morning that the Pentagon has 10,000 people helping with the response after Hurricanes Irma and Maria ripped through Puerto Rico and the U.S. Virgin Islands earlier this month.
"We're certainly bringing in more [troops]," Buchanan said on CNN's "New Day."
"For example, on the military side, we're bringing in both Air Force, Navy, and Army medical capabilities in addition to aircraft, more helicopters. ... [But] it's not enough, and we're bringing more in."
The Pentagon has already allocated more than 4,000 troops to help in rescue and restoration efforts to the U.S. territories, but it wasn't until Thursday, eight days after Maria slammed the Caribbean, that U.S. Northern Command (Northcom) sent Buchanan.
The head of Northcom's Joint Force Land Component Command is now serving as the Defense Department's primary liaison to the Federal Emergency Management Agency (FEMA).
Tom Bossert, the President Trump's homeland security adviser, has defended the wait time in between the end of the storm and appointing Buchanan.
"It didn't require a three-star general eight days ago," Bossert said of the government response.
When asked whether it was a mistake to not have Buchanan on the ground in Puerto Rico earlier, Bossert replied, "No, not at all."
"In fact, that doesn't affect the way that we stage equipment and the way we area command and field operational command. This is textbook and it's been done well," Bossert told reporters Thursday at the daily White House press briefing.
The Pentagon has been steadily increasing its help to Puerto Rico and the Virgin Islands after both were slammed by the two Category 5 storms. The hurricanes knocked out power across Puerto Rico, leaving nearly half of its population of more than 3.4 million without drinking water.
Puerto Ricans and lawmakers, however, are frustrated with the federal government's response.
Sen. Marco Rubio (R-Fla.) said Friday on CNN that Trump should put the U.S. military in charge of handling and delivering aid to Puerto Rico. He asserted that only the Pentagon could repair the logistical issues preventing aid from reaching island residents.
San Juan Mayor Carmen Yul n Cruz on Friday urged Trump to ramp up the federal assistance, ripping acting Homeland Security Secretary Elaine Duke for referring to the government's response as a "good news story."
"Damnit, this is not a good news story," Cruz said. "This is a people-are-dying story.
I wasn't saying that rich people aren't frugal. rather that someone making >$150k who is struggling is likely not frugal.not necessarily true. plenty of rich people who are frugal. sometimes, it is the reason why they are rich because they don't spend on meaningless things and prefer to save. but like your stated, it just depends on the individual.
I wasn't saying that rich people aren't frugal. rather that someone making >$150k who is struggling is likely not frugal.
or, as Rusty is saying, dealing with some absurd health care or education cost.
my viewpoint on this is limited as i've been relatively lucky but i agree 100% that a decent social net plus people being financially savvy would be enough for a $150k household to live large and accumulate wealth.
what you're asking for sounds like a pretty good life. and i hope you are able to achieve it. I'm actually coming from a similar background to you in many ways. and i think part of it is that going from barely making it and squeaking by with financial aid to making it comfortably where you can pay cash for private school requires a huge leap in income. and that should change. somehow making a progressive system for health insurance and education so that a family in the 100-150k range doesn't have to spend >30k/year just to send their kids to private school would be good (or actually have the government make public schools better so that parents feel comfortable sending their kids there).I remember this article. But I mean yea I want to be able to afford a very nice vacation 2 times a year and just be able to purchase anything I want when I want without thinking over my head whether I can make it work. I grew up going to private schools (financial aid made it possible because of my own frugal background) and I want the same opportunities for my children one day. I don’t want to see the choices my mom had to make at times. It’s a mental comfort level I seek.
I'm with you (see my last line in the post above yours).am I in the minority when I say, we wouldn't need private school if our public school was much better? I understand private schools will always be around but yeah. it's so ridiculous how such a powerful nation lacks tremendously with their public school system. it might have to do with some people valuing money and quick gratification over substance and intellectual knowledge.
am I in the minority when I say, we wouldn't need private school if our public school was much better? I understand private schools will always be around but yeah. it's so ridiculous how such a powerful nation lacks tremendously with their public school system. it might have to do with some people valuing money and quick gratification over substance and intellectual knowledge.