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Originally Posted by Henry17
I openly admit to being out of touch with the cost of living in the US mostly because it seems to fluctuate by a factor of five or more depending on geographical location. I have a perfect grasp of the cost of living both in Ottawa and Toronto and I have a strong feeling that NYC is more like these cities than some place in the mid-west. The numbers I have used are dead on accurate for where I live and I can easily document them if necessary.
I think you have a literal sense of how much things cost.
But I think that you have a poor sense of what luxuries can fit into a fixed salary, and that you would basically consider a life without them "unacceptable" even though the people living like that quite enjoy their lives, and are probably no more or less happy than you because of it.
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I'm not saying it might not be the best choice for him nor that it is traumatizing but that it is incompatible with saying he has a good income. Basically my position is that you can say that $65k is a lot of money if he has to include shopping at Walmart or living a life with no little extras.
Now I'm happy to say $65k isn't a lot of money. I also think OP started or at least at some point turned into someone who is going for a bit of a reaction -- it isn't obvious but there are some hints at it -- but I'm willing to ignore that because I think this is an interesting topic. As a law student my peers had certain expectations about what life would be like after graduation if they managed to get anointed as one of the chosen ones who got to work for one of the big Bay St firms. People were not insane thinking they would be driving around in Aston Martins and living in a penthouse at the Shangri-La but there was a certain level of lifestyle that they thought they could get for $80-100k that you just can't. People overestimate how much $80-100k is and what kind of lifestyle then can afford on it until they actually get there and then they realize **** this isn't even close to enough money.
I agree that 65k in NYC is not a lot of money.
But the question he's asking is whether it makes him "poor", and shopping at walmart does not imply that he's poor.
It implies that he places a very high value on living in a desirable area (or maybe that he really dislikes the commute from jersey), and that he's willing to forego a lot of the luxuries that you consider "essential" that actually aren't to most people.
You don't have to be poor to be thrifty.
Often the reason people get poor is because they can't control their spending.