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While the article doesn't exactly present a credible conclusion, given the family's rather high expenses and savings rate, it does ask a valid question: What is
by fourspace 16y ago
While the article doesn't exactly present a credible conclusion, given the family's rather high expenses and savings rate, it does ask a valid question: What is rich? If $250k a year is not rich, what is? Where did $250k come from anyway? Why is it not $150k?
Let's face it, a family earning $250k in the SF bay area is by no means considered rich, while one earning the same amount in Tulsa, Oklahoma will definitely fall into the wealthy category. I suppose I take issue with politicians drawing arbitrary lines and saying that everyone above the line is somehow more responsible for the nation's tax revenue than those below it.