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contestgamer on 23 October 2018
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Raistline said:
contestgamer said:

That's not rich, that's middle class. 12k isnt going to get you much. You're not going to be able to afford vacations throughout the year (maybe you'll be able to squeeze out a few weeks a year) You can't afford a second vacation house or even a first house or condo in a nice urban area like Manhattan, Toronto etc. You cant afford a decent boat, luxury hotels (except for a few days) etc. 12k gets you nothing except a roof, food and some local entertainment.

You're joking right?

Manhattan, 4.5K-6K for a 2 BR apt in a fairly reasonable neighborhood. That's room for a family of 4, 2 kids, and 2 adults.  Let's go on the high end. Now you buy a luxury car at $800 a month and pay for parking at a secure location,  another 1K. Food, that's about $700 a month, $1000 if you have teenagers. Transit passes for the whole family $500 a month. that puts us at $9,300  for a family of 4 in manhattan. With your 12K that leaves $2,700 a month for entertainment and vacation. A vacation for a family of for a 2 weeks can easily be had for $3.000.

Now this is with a nice apartment, a luxury car, plenty of good and healthy foods, and a secure parking lot for your luxury car.  After all that, having near $3,000 a month to frit away, that is not middle class. With that money you could afford a family vacation every 2 months for 2 weeks and still have money left over for going to see a few shows on broadway and enjoying fine dining at least 1-2 times a week. Again, this is in Manhattan and taking a 6K a month rent/mortgage fee.

Remember, the amount is Spending, AKA net pay, not Gross wages before taxes and insurance is taken out.

 

Edit/Addendum: It seems most people forget that there is a large section of the population that is well above Middle Class and not Super Rich. There is a term for this and it is called Affluent. Being Affluent does not mean that you are filthy stinking rich, but you also make more than middle class. 

I'm ok with the term "affluent". Saying 12k a month spending is affluent is reasonable. My issue is with the term rich. NBA players are rich. A list Actors are rich. People with helicopters, yahts, mansions and private drivers are rich. And yeah I get that it's spending, but like I said, I pretty much spend everything I make and no way would I classify myself as rich. I dont even own a luxury car (any car period) but money goes fast. Food costs, sending money back to family, vacations, etc. Affluent on a global scale, sure, but rich I dont think so.