A 400k a year salary will get you a nice house in wealthy neighborhoods in DC and Maryland. Bethesda, MD is one of the richest cities in the country and the median household income is $168k.
I grew up in a middle class neighborhood in Maryland. My parents probably made around 160k combined when I was growing up.
I think Kevin exaggerates with the prices to make women realize that they’re gonna have to work if they get married and have a family.
People are forgetting the biggest thing. DEBT. even though someone can make well into the 6 figures, they live above means. that 400k salary will have someone trying to buy a million dollar house and we all have to remember 30 years ago was THIRTY years ago. And people forget about taxes and deductions thats usually 30-35% of your gross pay gone. 110k (from the 168k) can get ate up real quick by a mortgage, car notes and insurance, child care, debt, college etc. these big salaries are foreign to most people, and to comfortably afford all the EXTRA things most modern adults feel they deserve costs monry. check this out.
$110k net, for a single person, using realistic expenses.
Rent/Mortgage: 10-15k.
Car note and car insurance: 8500
Utilities: 3000
Retirement savings
Emergency savings
Of course, you have to eat.
And then a LOT of people have CC and student loan debt, that can easily be another 6-8k per year.
So that stuff can chop off 30-35k off your 110k, and that INCREASES if you have a wife and even 1 kid. Everyone always defaults to how much help you have or can get...KS is talking about paying for everything that you need instead of relying on family.