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A comment on Americans Now Need at Least $500k a Year to Enter Top 1%. Parent comment

Re:Americans Now Need at Least $500k a Year to Enter Top 1% by peakay on Wednesday October 16, 2019 @07:58PM (#21277484)
what does buying power mean? like, you're able to buy some house on your not 1% salary in your rural area, and a person on a 1% salary in nyc/sf could not buy an equivalently nice house?
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Re:Americans Now Need at Least $500k a Year to Enter Top 1% by dudul on Wednesday October 16, 2019 @08:02PM (#21277536)
"buying power. the ability to purchase goods and services" (https://www.dictionary.com/browse/buying-power)

So yes. With a lower salary in a specific area, I can probably buy the same goods and services as someone with a higher salary in a different area.

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