Pretty sure it’s because they are saying being able to afford groceries without worrying about cost makes you rich. Which it really doesn’t.
Rich is relative. If you’re making $500k but have 10 kids, you’re almost certainly not rich. Kids are expensive. You just make a lot of money.
Potential disposable income is what differentiates. $500k as a single person with no kids is going to make you rich, even in the highest cost of living areas. You simply don’t have high expenses unless you purposefully get expense stuff.
How?
Pretty sure it’s because they are saying being able to afford groceries without worrying about cost makes you rich. Which it really doesn’t.
Rich is relative. If you’re making $500k but have 10 kids, you’re almost certainly not rich. Kids are expensive. You just make a lot of money.
Potential disposable income is what differentiates. $500k as a single person with no kids is going to make you rich, even in the highest cost of living areas. You simply don’t have high expenses unless you purposefully get expense stuff.
I guess that’s where we are all disagreeing here. My opinion is that taking on more expenditures doesn’t make you less rich.
Math isn’t opinion based
Telling someone to check their privilege when they tried to accurately describe the level of rich they are?