Thank you for your comment! It spurred another thought of why high income != rich - high new income usually is associated with high loads of debt in US, e.g. a

Thank you for your comment! It spurred another thought of why high income != rich - high new income usually is associated with high loads of debt in US, e.g. a mortgage to buy a house. Such leverage puts the recipient of this new wealth (compared to generational wealth or even an outsized exit in tens of millions or higher) into an even more precarious position and ups the dependence on the employer. Which of course matches with most financial advice to watch the lifestyle creep.