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Hi! My wife & I are raising 2 children in Berlin (a major world city) & earn a lot less than $500k while not struggling at all (in fact I save about 1/3 of my

by ido 7y ago

Hi! My wife & I are raising 2 children in Berlin (a major world city) & earn a lot less than $500k while not struggling at all (in fact I save about 1/3 of my net pay even after deductions for both private and public retirement funds). Sending your kids to private schools is hardly a must, especially if you live in at least a middle-class neighborhood (which I assume you do on a $500k income).

akgerber 7y ago
The way the United States provides schooling free of charge from age 4 to age 18, and expects families to pay massive tuition bills before and after, does make parenting expensive at times— especially for young families starting out. $500,000 in income is, of course, enough money to pay even expensive bills, being well into the top 1% of family incomes.
- notfromhere 7y ago
  People pay for private k-12 because there's a perception of the public schools being awful (and it may be true depending on the area). But if you live in a nice area with a well-funded school district, paying for private school is just ego. You won't get much of a difference in learning outcomes
  - resters 7y ago
    It depends on where you live. In my case the decision was rational and not due to some desire for status signaling.
easytiger 7y ago
> Berlin (a major world city) No. In fact not at all. It is one of the only capital cities in europe that is a cash drain on the nation it resides in. It is in no way a "major world city". It is not a business centre, a financial centre or a cultural centre. It is not even the most interesting or beautiful city in Germany, Europe mostly has a much better school system with predictable outcomes that can't be achieved in much of America. The reasons for which are for another debate Not that you don't have a point of some kind, but you are certainly ill informed about how the world works, and your place in it.
- ido 7y ago
  According to https://en.wikipedia.org/wiki/Global_city https://en.wikipedia.org/wiki/Global_city: Global Power City Index The Institute for Urban Strategies at The Mori Memorial Foundation in Tokyo issued a comprehensive study of global cities in 2018. They are ranked based on six categories: economy, research and development, cultural interaction, livability, environment, and accessibility, with 70 individual indicators among them. The top ten world cities are also ranked by subjective categories including manager, researcher, artist, visitor and resident.[13] Global Power City top 10: 1. London, 2. New York City, 3. Tokyo, 4. Paris, 5. Singapore, 6. Amsterdam, 7. Seoul, 8. Berlin, 9. Hong Kong, 10. Sydney.
  - easytiger 7y ago
    London added the entire population of Berlin in the last 20 years or less. Berlin gets on that list because of the nation state it resides in having significant world status and economic output, and not because Berlin is of any presence in the world. It is a burden on its nation* *https://cdn.theatlantic.com/assets/media/img/posts/2016/08/Screen_Shot_2016_08_09_at_20.36.24/c1307eb7a.png https://cdn.theatlantic.com/assets/media/img/posts/2016/08/S...

by ido 7y ago

akgerber 7y ago

The way the United States provides schooling free of charge from age 4 to age 18, and expects families to pay massive tuition bills before and after, does make parenting expensive at times— especially for young families starting out. $500,000 in income is, of course, enough money to pay even expensive bills, being well into the top 1% of family incomes.

notfromhere 7y ago
People pay for private k-12 because there's a perception of the public schools being awful (and it may be true depending on the area). But if you live in a nice area with a well-funded school district, paying for private school is just ego. You won't get much of a difference in learning outcomes
- resters 7y ago
  It depends on where you live. In my case the decision was rational and not due to some desire for status signaling.

easytiger 7y ago

> Berlin (a major world city) No. In fact not at all. It is one of the only capital cities in europe that is a cash drain on the nation it resides in. It is in no way a "major world city". It is not a business centre, a financial centre or a cultural centre. It is not even the most interesting or beautiful city in Germany, Europe mostly has a much better school system with predictable outcomes that can't be achieved in much of America. The reasons for which are for another debate Not that you don't have a point of some kind, but you are certainly ill informed about how the world works, and your place in it.

ido 7y ago
According to https://en.wikipedia.org/wiki/Global_city https://en.wikipedia.org/wiki/Global_city: Global Power City Index The Institute for Urban Strategies at The Mori Memorial Foundation in Tokyo issued a comprehensive study of global cities in 2018. They are ranked based on six categories: economy, research and development, cultural interaction, livability, environment, and accessibility, with 70 individual indicators among them. The top ten world cities are also ranked by subjective categories including manager, researcher, artist, visitor and resident.[13] Global Power City top 10: 1. London, 2. New York City, 3. Tokyo, 4. Paris, 5. Singapore, 6. Amsterdam, 7. Seoul, 8. Berlin, 9. Hong Kong, 10. Sydney.
- easytiger 7y ago
  London added the entire population of Berlin in the last 20 years or less. Berlin gets on that list because of the nation state it resides in having significant world status and economic output, and not because Berlin is of any presence in the world. It is a burden on its nation* *https://cdn.theatlantic.com/assets/media/img/posts/2016/08/Screen_Shot_2016_08_09_at_20.36.24/c1307eb7a.png https://cdn.theatlantic.com/assets/media/img/posts/2016/08/S...