Re:What’s Behind the Ballooning Upper Middle Class? Education
by gozur88 on Sunday July 17, 2016 @05:41PM
(#12111997)
>Yes, but you're living in a very popular city. You're getting something for that additional COL.
Well, sure, that's true. But it's also possible the most important thing you're getting is a high paying job that wouldn't be available in a less expensive area. And it's possible that, like me, you would consider living in a dense city to be more downside than up.
It occurs to me a large factor in whether or not I'd consider people on the borderline either middle class or wealthy has to do with how much flexibility they have in then income. If you're getting a quarter million dollars every year from a trust fund and can live wherever you want, you're wealthy. On they other hand, if you and your spouse are grossing a quarter million dollars a year from jobs that requires twelve hour days in a very expensive city you don't necessarily like (and don't see much of in any case), you're middle class.
Well, sure, that's true. But it's also possible the most important thing you're getting is a high paying job that wouldn't be available in a less expensive area. And it's possible that, like me, you would consider living in a dense city to be more downside than up.
It occurs to me a large factor in whether or not I'd consider people on the borderline either middle class or wealthy has to do with how much flexibility they have in then income. If you're getting a quarter million dollars every year from a trust fund and can live wherever you want, you're wealthy. On they other hand, if you and your spouse are grossing a quarter million dollars a year from jobs that requires twelve hour days in a very expensive city you don't necessarily like (and don't see much of in any case), you're middle class.