4 ms·
Some people don't understand that 250K a year is not rich in or near expensive cities. If you live in the bay area and your mid/end career, 250K/houshold a yea
by pascalxus 9y ago
Some people don't understand that 250K a year is not rich in or near expensive cities. If you live in the bay area and your mid/end career, 250K/houshold a year is barely middle-class. And if you live in palo alto, 250K for a household, you're almost eligible for low-income housing assistance. Perhaps at 1 to 2 million per year or more, you can call it rich.
- erentz 9y ago"...and inherited wealth of several million dollars..." It's this part that definitely makes her rich.
- fatjokes 9y ago+1. The key thing is that this takes a lot of stress off of her shoulders. That 250k annual income is now spending money. She can spend it all and not worry about savings. I make more than that but can't spend most of it because I have to think about the future---buying a house, kids, rainy-day fund, etc.