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View Diary: Pete Peterson Group: "$250k a Year Is Not Easy Street" (317 comments)

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  •  my first question would be (3+ / 0-)
    Recommended by:
    Siri, mmacdDE, congenitalefty

    just what kind of house did they buy?  even in los angeles, where i live a family of 3 can live like royalty on $250,000 a year.

    yeah, the couple they cited had in the neighborhood of more than $60k in combined student loans-but i wouldn't be surprised if there are families living on a lot less thant $250k who have just as high (if not higher) student loan balances and earn a lot less than $250k.

    $5000 a year on a housekeeper is about $100 a week but i don't know what people pay for house cleaning services since i've never been able to afford that.  i have no idea what they'd be spending on kids' activities.  i have no kids of my own.  the only think i can compare it with is my $29 a week i spend on going roller skating.

    i earn just under $50k and i can only imagine how $250k a year would ease the burden-because i wouldn't change my current lifestyle that much.  i have no desire to.

    hope springs eternal and DAMN is she getting tired!

    by alguien on Tue Jul 05, 2011 at 04:16:30 PM PDT

    •  My sister's housekeeping service (1+ / 0-)
      Recommended by:
      alguien

      charges $60 bucks per cleaning, which is 3.5 hours and enough to go over her five bedroom home that five  of them live in.  This is in California.  By extension I figure they have a housekeeper come in 8 hours a week.

      If you think education is expensive, wait until you see how much stupid costs

      by Sychotic1 on Tue Jul 05, 2011 at 09:19:08 PM PDT

      [ Parent ]

    •  My wife and I have a combined income of (1+ / 0-)
      Recommended by:
      alguien

      about six figures and student loans almost in the six figures.

      We are not hurting at all. Granted, we live in a really inexpensive area in Florida, but our current basic living expenses (rent, transportation, food) and debt obligations are over $30,000/year. That said:

      My employer's 6.25% match to my "retirement" plan (haw) plus my contribution puts my pre-tax "savings" over 10% of my income. The wfie works part-time and doesn't contribute to pre-tax "retirement" accounts of any sort through her employer. We save 20% of the wife's take-home and 5% of mine, have sufficient money saved up now to go in debt on a $200,000 - $250,000 house and manage to eat out weekly or bi-weekly, staying in three- and four-star hotels for a night or two when we travel, have two cars (one paid off), fly home for Christmas every year, etc. We could do with an increase in our taxes, frankly, and still be fine.

      Anybody claiming $250,000 isn't sufficient to live the life of (relative) luxury is full of shit.

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