Quote:
Originally Posted by Gerbs
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
^
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 |
Yeah - the unfortunate reality is I think the real household income number needed to have the "2 new European cars, a new-ish house in Vancouver, and take vacations, dine out, and go retire at 60 or earlier" is $500k/year.
-Mark