Earlier quoted context omitted.
250k in the bay area with family is ok but it isn't great. You can live on it but people want nice houses and schools for their kids,etc... so I get where they're coming from. Even for the single people they wanna retire early or whatever. Everyone has different goals I guess
" but people want nice houses and schools for their kids,etc... Where they're coming from is greed. We don't need to indulge this nonsense. What if I told you I'm barely scraping by on $5 million TC because hey, do you know how much private jets cost? I can't even buy one outright, you know? I have to lease mine on a time share. It's absolutely embarrassing. My kids get made fun of when I drop them off in Geneva for…
Is it? I think having more money than you can spend might be greed but simply getting the best things for yourself isn't. Being rich and being greedy are not the same thing. No problem with having all your needs met. As of like 3-5yrs ago, you needed $7mil to be rich in the US. If you live off 50k/yr you need 35yrs to save up 7mil (without talking about inflation or bay area cost of living). I can see calling billionaires or even people with 10M+ just sitting their in their portfolio and assets greedy but this isn't the 90s, 250k is a lot but not in the bay area in 2023, it would be middle-middle class income, you need 150k more as a household income imo to be anywhere near upper middle class im costal cali.
As for your last paragraph? So what? Do you know what you sound like to someone in africa who lost 3 kids to starvation and has never slept on a bed or eaten meat in years and lost family to preventable disease because the nearest medical care is days away and they have to carry clean water in a bucket from a dirty drying river a dozen miles away everyday? Flipping burgers at mcdonalds is rich for that guy.
Also you mentioned being made of and embarrasing. That's not what I mean, I mean actual best schools and colleges. Safe neighborhoods and good houses with a large enough backyard for kids to play around in and have large pets. Affording good healthcare without relying on insurance claims being approved. Buying your parents and spouses' parents their own place and affording their healthcare. Even in the 90s middleclass families afforded yearly vacations and once every few years international vacation. Not having to burden your kids financially in case you get sick or when you get old. Heck, half marriages end because of money, improving those odds too. Kids not being forced to join the military to pay for college,etc...
I think perhaps you still have a 90s or pre 08 idea of how far money goes. You're not skiing in geneva with your family with 250k lol.