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I lived in New York for a long time and have friends who make around 400k annually and they live very large on it. Maybe not personal drivers but the hedge fund
by dopamean 11y ago
I lived in New York for a long time and have friends who make around 400k annually and they live very large on it. Maybe not personal drivers but the hedge funds they work for will send a car for them at any moment. Maybe not live in chefs but luxurious catered meals at the office every day couple with a generous budget for offsite company lunches. And they all have maids.
- ghaff 11y agoAnd even if high income urban (in particular) individuals don't have all those company perks, they avail themselves of many services that historically meant having a cook, driver, etc. Today, it often makes sense to contract out to companies rather than have dedicated staff, which is indeed expensive and often not justified outside of a business context. They have an account with a black car service and use Uber. They have groceries and prepared food delivered--and/or eat out a lot if that's their preference. They probably do have a maid who comes in periodically. If they have a young child, some sort of help is not uncommon. They may well have some sort of laundry/dry cleaning service.