Originally Posted by norcaltransplant
Sarcastic yes, but I know a lot of upper income professionals who are constantly trying to enroll their kids into the best schools, best extracurricular activities, all while trying to save for college, etc. Sure these families make more than the statistical average, but their lives aren't appreciably "more luxurious".
That's only true if you're using a very narrow definition of "luxury". I spend a ridiculous amount of my income on private school tuition, dance lessons, summer camp, college savings, etc. It's a stretch at times, despite my above-average income, and I could definitely buy a lot of fancy livin' with all that cash. But those are choices I make. I could send my daughter to public school, skip the fancy-ass dance lessons, ship her to grandma's for the summer on Greyhound, and leave it to her to figure out how to pay for college, but I prefer not to. The fact that I get to choose
whether to spend my money there or on a fancier car, more lavish vacations, a beach house, or whatever, is definitely a luxury. The fact that people live beyond their means -- or at the very edge of their means - doesn't establish that they have it hard just as hard as people whose means are far more limited.