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Yes, a Six-Figure Income Means You're Affluent
- sharemywin 10y agoYes, 100k is affluent if your not married, but if your wife doesn't work, even in little towns, 2 wage earners averaging 53k is 106k which is more than 100k.
- shams93 10y agoIf youre not married but have large medical bills and or student loans its pretty easy to get bashed back into poverty. When at $25,000 copay is considered reasonable youre only one illness or injury away from being shoved back into poverty.
- sharemywin 10y agoIt's funny no politician is talking about limiting medical expenses for people. Free market, oligopoly, single payer I don't really care. premiums, co-pays and deductibles should be normalized based on income. Same with college expenses, student loans. Obviously not perfect but way better than the way it is now.
- shams93 10y agoIf you make 100k and are single and live in la or sf that 100k is getting torn up pretty well between high rent high transportation costs and high taxes as well as high food costs you wint feel affluent on that out here.
- nibs 10y agoI think affluence is also used in wealth management to denote what level of wealth the customer has. "Affluent" is basically in between whatever the average net worth is and "high net worth individual". So it is kind of representitive of people who are in the 90-98% percentile. If those people happen to live in large city and not have any liquid assets, that is a different question.