Quote:
Originally Posted by VladtheImpaler
Not to mention, there is a big difference between a salary of $250K in Manhattan and in Fargo.
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While true, the average salary in NYC (including Manhattan, granted) is 48,xxx and in Fargo it's 32,xxx, with mean household income in Manhattan of 121,000. That still means that a 250,000 household is making twice the average household income in the most expensive city in the US.
Hardly the destitution that the tea party types are implying.
As for the family in the article, they seem to be struggling to make ends meet at 250,000 when average income is less than 20% of that - what do those people do? How can they afford everything? What an idiotic article - the couple in question are idiots. Overstretching your means for completely unnecessary things does not make you poor, it makes you stupid. Their expenses as listed in the article are 900/month -- on a 20,000 per month salary. Even at a tax rate of 50% (which is nowhere near the marginal tax rate in the US for a 250,000 salary) that's still 9,000 per month left over for mortgages, living expenses, college savings, retirement savings. If they are struggling on 9,000 per month, clearly these people are idiots.