Quote:
Originally Posted by PsYcNeT
You can try to play it any way you want, but if you make more money yearly than 97.2% of the taxable population, you are rich, even if you don't "feel" like it.
|
Play it? I'm giving you the context you're clearly missing.
If you're in the top 2.8%, you can afford a comfortable life if you are financially prudent and manage to stay in that income range for a good 25 - 35 years without any major life upsets, health problems, etc. It's the top 1% that are rich, though. To a 1%er $200k is indistinguishable from a $50k salary.
A self-made $200k/year in Calgary is firmly in the middle class. I point out "self-made" because there is an important distinction between the guy that worked his way up to $200k and the guy whose parents bought him his first house, hooked him up with a sweet gig straight out of university with a high-paying job, etc.
If all of your financial bases are covered, then $200k per year for fun money is a monster income. If you are starting from scratch with your student loans, first house, car, starting from $0 in retirement savings, etc., then $200k does not go as far as you seem to think it does.