The New York Times has an article about how difficult it is for top executives to survive in New York City on only $500,000 per year. With yearly expenses such as private school at $32K , mortgage at $96K, co-op maintenance fee at $96K, nanny at $45K, and a driver at $75K; all of a sudden, you find yourself talking about real money.
Candace Bushnell, author of “Sex and the City”, says in the article:
People inherently understand that if they are going to get ahead in whatever corporate culture they are involved in, they need to take on the appurtenances of what defines that culture. So if you are in a culture where spending a lot of money is a sign of success, it’s like the same thing that goes back to high school peer pressure. It’s about fitting in.
Please, won’t anyone think of the rich people?