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If 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
by shams93 10y ago
If 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.