ST Alpha - "I wonder how many of those people live in high cost of living places like NYC, San Diego, etc?" (Reading a Post)

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In response to ""More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck" -- (link)" by ty97

I wonder how many of those people live in high cost of living places like NYC, San Diego, etc?

Posted by Inigo (aka Inigo) Jun 2 '22, 05:54

Also, this shows how skewed people's perspectives are on the economy:

"About 78% of Americans said they were doing okay financially or living comfortably -- the highest share since the Fed began running the annual survey in 2013."

This is true. Yet all we here about is how horrible the economy and inflation is. You'd think it was tearing the country apart, but it's really the best it's been overall since 2013.

Responses:

That makes a lot of sense, but still there’s choices and trade offs that can be made. -- nm* - znufrii Jun 2, 06:22
I certainly expect that an unrepresentatively high share of those earners live in high COL places. -- nm* - ty97 Jun 2, 05:55 2
- COL is a huge factor here I'd imagine. $250k in DC/NYC/SF/Miami is much different than $250k in other cities. -- nm - MDH Jun 2, 06:35 1
  - But it's still way more than enough to live comfortably and have savings. You can live a very happy life here on $250k and have a big chunk of - Krusty Jun 2, 06:42

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I wonder how many of those people live in high cost of living places like NYC, San Diego, etc?

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