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Classes by definition are about wealth If you're unable to manage your money it's your fault, but you're not working class
by asjw 7y ago
Classes by definition are about wealth
If you're unable to manage your money it's your fault, but you're not working class
- shantly 7y agoIncome is not wealth.
- base698 7y agohttps://youtu.be/bZWeFtgEAEk?t=41 https://youtu.be/bZWeFtgEAEk?t=41 Here's the difference between rich and wealthy. Shaq, is rich, the white guy that signs his check is wealthy. Rich is something you can lose over the summer in Vegas with a drug habit.
- casion 7y agoI manage my money quite well, thank you. Im not sure why it's difficult to grasp that the difference between gross and net income can be large for some job in some areas, but that is the case for a small number of individuals.
- sanderjd 7y agoIt is foreign to the vast majority of people that you would be making $400k per year of income but unable to afford a $5 breakfast as you say. I'm having some trouble with it too. When if you're paying $150k in taxes, have a $10k a month mortgage payment (about a $1.5M mortgage), and are making $5k a month in student loan payments, you have $70k left over. I suppose I could see your medical bills being so high that this is then a difficult pie to share with everyday expenses. But it's a lot of assumptions to get there.
- badfrog 7y agoEven if those number were reality, OP's claim that "I manage my money quite well" would be nonsense. If your after-tax income is $250k and you're spending $130k on loans and medical expenses, it would be foolish to sign up for a mortgage that costs $120k per year.
- casion 7y agoPlease see my other comment. You're making assumptions that are not correct regarding my choice in housing and expenses.
- chrisseaton 7y ago> Classes by definition are about wealth No they aren't! You can be working class but a millionaire, and you can be upper class but destitute.