Quote:
Originally Posted by Fafine
Isn't 150k a year, 8.6k a month take home?
Minus 2500 a month for rent.
Still left with 6.1k a month, which equal to 100k income before tax.
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I think the issue is that folks who make $150K. Expect themselves to be driving a M4 / 911 / AMG + a being able to buy a house. Hobbies, eating out without looking at menu price, savings to retire comfortably at 50-60.
They're sold that if they do well in school, life, and get a top 10% salary, they can have anything they want.
https://www12.statcan.gc.ca/census-r.../index-en.html
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I'm surprised top 10% Total Income in BC for 25 -34 males is only $102K before tax. $150K puts ya at top 1%.
$150K - Top 10% of 35 - 44
$150K - Top 12ish% of 45 to 54