250K a year doesn’t make you rich, if by rich one means the absence of worry about money. Households that make 250K a year definitely still worry about money.

But why is this? Because so many of their costs (housing, car payments, private school tuition, maid service, vacation costs, savings for retirement, meal costs, gifts for the kids etc.) are so much higher.

Why? Because they making choices about how they live.

It’s kind like Patrick Ewing’s quote: “We make a lot of money, but we slaso spend a lot of money.”

For reference, my wife and combine to make slightly south of 200K.