Either I am so completely out of touch with reality, or the people that write these articles are....I am starting to think it is me.
Here are just two cities in my area where they explain how much you need to "live well"....this isn't "living well" to me...and note the 1% savings rate.
What It Costs To Live Well: Northeast Boston, Massachusetts 02108
Net Income After Taxes $407,200
Primary Home Cost $2,600,000
Annual Home Payments $144,059
Vacation Home Location Nantucket, Mass.
Vacation Home Cost $1,900,000
Annual Vacation Home Payments $105,438
Cars $18,500
Dining Out $12,480
Food at Home $12,480
Travel $21,500
Health Care $4,600
Utilities $5,600
Private School $26,000
College $30,300
Other $22,100
Savings $4,100
Local/State Taxes 10.1%
What It Costs To Live Well: Northeast Portland, Maine 04105
Net Income After Taxes $212,000
Primary Home Cost $650,000
Annual Home Payments $36,278
Vacation Home Location Kennebunks, Me.
Vacation Home Cost $800,000
Annual Vacation Home Payments $44,544
Cars $17,600
Dining Out $8,320
Food at Home $8,320
Travel $21,500
Health Care $5,000
Utilities $6,000
Private School $10,000
College $30,300
Other $22,100
Savings $2,100
Local/State Taxes 11.0%
Edit: Here is the link http://biz.yahoo.com/special/live05.html
Here are just two cities in my area where they explain how much you need to "live well"....this isn't "living well" to me...and note the 1% savings rate.
What It Costs To Live Well: Northeast Boston, Massachusetts 02108
Net Income After Taxes $407,200
Primary Home Cost $2,600,000
Annual Home Payments $144,059
Vacation Home Location Nantucket, Mass.
Vacation Home Cost $1,900,000
Annual Vacation Home Payments $105,438
Cars $18,500
Dining Out $12,480
Food at Home $12,480
Travel $21,500
Health Care $4,600
Utilities $5,600
Private School $26,000
College $30,300
Other $22,100
Savings $4,100
Local/State Taxes 10.1%
What It Costs To Live Well: Northeast Portland, Maine 04105
Net Income After Taxes $212,000
Primary Home Cost $650,000
Annual Home Payments $36,278
Vacation Home Location Kennebunks, Me.
Vacation Home Cost $800,000
Annual Vacation Home Payments $44,544
Cars $17,600
Dining Out $8,320
Food at Home $8,320
Travel $21,500
Health Care $5,000
Utilities $6,000
Private School $10,000
College $30,300
Other $22,100
Savings $2,100
Local/State Taxes 11.0%
Edit: Here is the link http://biz.yahoo.com/special/live05.html