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Are people who make 200k a year "poor"? (sopuli.xyz)

submitted 4 weeks ago by PixelNomad@sopuli.xyz to c/asklemmy@lemmy.ml

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[–] roguelazer@lemmy.world -1 points 4 weeks ago (1 children)

Licensed childcare runs between $2500 and $4000 per month per child here in the Bay Area; $200k salary is about $150k after tax. Doesn't take a terribly big family to totally exhaust that amount if both parents need to work to bring it in.

[–] andrewrgross@slrpnk.net 5 points 4 weeks ago

I'm not saying that you can't run out of money if you make $200k. I'm saying that it's not poor.

If earning well above average in an area with a high concentration of high earners can be poor, the word means nothing.