Miami, Austin or Denver: Where Would Your Paycheck Go Further?
www.bloomberg.com
Billionaires know they are. Low-wage workers are very well aware that they aren’t. But vast swaths of America’s “regular rich” don’t feel that way, and it’s keeping everybody down.
  • RennederOPM
    1·
    1 year ago

    Are you rich? Calculate the best US cities to live based on your salary

    •  Many "ordinary rich" do not feel rich, despite the high income. 

•  Many are worried about money and are considering moving to cheaper areas in the US. 

•  A change of residence may make some people feel richer. 

•  Wealth is determined by the ability to live without worries, but many people experience financial stress. 

•  Owning a home can increase the feeling of wealth, but it doesn't always help. 

•  Some "ordinary rich" consider moving to other countries due to high taxes.
  • spaghettiwestern
    1·
    1 year ago

    In fact, many even go so far as to say they’re poor. In a nationwide survey of over 1,000 objectively wealthy Americans — defined in this case as making at least $175,000 a year, roughly the amount required to crack the top 10% of US tax filers — a full quarter told us they were either “very poor,” “poor,” or “getting by but things are tight.

    Wow.