Guy makes $160,000 and barely making it month to month...

S

S2007S

Hmmm. $160,000 a year and just scraping by....wonder what those expenses must be beside paying over $3000++ a month for a small 1 bedroom apartment in San Francisco....




A Twitter employee speaking on the condition of anonymity told The Guardian he's scraping by on a base salary of $160,000. The employee is in his early 40s, lives in San Francisco, and has had to borrow money in the past to "make it through the month," The Guardian reports.


https://www.yahoo.com/finance/news/twitter-employee-making-160-000-193700556.html
 
S2007S said:
Hmmm. $160,000 a year and just scraping by....wonder what those expenses must be beside paying over $3000++ a month for a small 1 bedroom apartment in San Francisco....




A Twitter employee speaking on the condition of anonymity told The Guardian he's scraping by on a base salary of $160,000. The employee is in his early 40s, lives in San Francisco, and has had to borrow money in the past to "make it through the month," The Guardian reports.


https://www.yahoo.com/finance/news/twitter-employee-making-160-000-193700556.html
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When a condo goes $455k above asking IE 16.2% above and you are surrounded by millionaires and billionaires, for some it is possible to feel poor with only $160k/ year....

https://www.elitetrader.com/et/thre...ern-sold-in-two-weeks-way-over-asking.307300/
 
wintergasp said:
160k$ minus taxes is only about 80k$, minus insurances is about 75k$ if you rent a flat for 3k$ a month that's only 30k$ left for everything else (food, traveling, phone, internet, tv, etc.)

With 2 kids and 1 working wife, you will struggle with 300k$ a year in NYC.
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Your maths, plus idea of tax rates, seems off.
 
The problem is, and has been for decades, way too many people make way too much money, certainly more than they are really worth by any rational measure.

So the value of a $1 is tainted.
 
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