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Twitter Users Mock People Who Say Huge Salaries Don’t Make Them Rich (30 Tweets)
No, it’s not only you who feels like with rent so high, groceries and restaurants ridiculously expensive, things are going out of control. We bid farewell to the caramel frappuccinos at Starbucks, all knowing that pocket money is now part of the budget for this week’s groceries. So what on earth is happening?
Well, the experts have measured that inflation continues to run at the fastest pace since January 1991. Although prices rose sharply, American incomes increased at only a modest pace, and inflation is eroding the increase.
Moreover, it’s not the US who’s taking the hit, as consumers around the globe are experiencing the same thing since supply chain problems bedevil markets for goods, and energy prices spike to unseen highs.
So, it’s only fair that people took to Twitter to weigh in on whether ‘If someone makes $400,000 per year do you could consider them "rich"?’ Among thousands of comments, all sharing their own point, Twitter user @Molson_Hart stood up to say it’s not much since you have loads of expenses. As you can imagine, it stirred quite a backlash, so let’s see what everyone said.
Image credits: crushthebigots Image credits: Molson_Hart
Image credits: Molson_Hart
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#3
Seanette Blaylock 3 years ago
My husband and I get by each month on what HRH spends on "food and entertainment".
While consumers around the world are paying more for items like food, clothing and household supplies, and for major purchases like cars, appliances and homes, the most severe impact goes to lower-income households.
According to the vice president at Moody’s Investors Service, inflation most impacts lower earners, who spend more of their average dollar on gas, food and other items that may be rising in price, Foster commented on CNBC. Wealthier individuals, who tend to hold more financial assets like stocks or homes, may be better able to offset the impact of inflation, he added.
Even though average hourly wages grew 3.6% in June relative to last year, which made it the most in more than a decade, the current inflation gave the average worker about a 2% pay cut, reports the Bureau of Labor Statistics.
What’s important is that it’s unclear whether higher consumer prices and wages are temporary or longer-lasting, according to economists. Some of the inflation is surely the result of short-term dynamics, like supply constraints and a surge in demand as consumers emerge from a pandemic-induced hibernation.
But some experts expect inflation to become permanent."There are very many reasons to think that this inflation is not transitory — that it's going to be with us for quite a while," Desmond Lachman, a senior fellow at the American Enterprise Institute in Washington, told VOA.
According to VOA, On Tuesday, the price of the global benchmark for oil, Brent crude, rose to $82.56 per barrel, hitting a level not seen in three years. Worldwide, prices for food, fuel and consumer goods are on the rise. Natural gas prices have more than tripled in Europe and Asia this year, causing economic slowdown in Europe and power cuts in China.
#8
M O'Connell 3 years ago
I REALLY want to see the underlying calculations behind the minimum-400 falcon city depopulation estimate.
#10
Grumble O'Pug 3 years ago
The sad thing is that people who have wealth forget that they mostly didn't earn it.
#11
Sid Watson 3 years ago
I just find this person Rude, not someone you would want to know Rich or Poor
#16
Monica Martinez Castañeda 3 years ago
I'm guiessing maybe it's 3 nannies, so each one works 8 hours a day...? Still, it's 5K a month per each one.. I wouldn't say no!
#18
#20
Marilyn Ransberry 3 years ago
This is how people rationalize what they male versus what minimum wage should be, Minimum wage people don’t need nannies 24/7 ( daycare and parenting) expensive trips , eating out ( cooking, staycation in the backyard- no wait , they can’t afford a backyard.)
#22
Marilyn Ransberry 3 years ago
It doesn’t matter what you choose spend it on - you have choices that others don’t.
#24
Kristy Nelson 3 years ago
Because they can! Most people struggle to pay for their rent, utilities, and groceries! Can you imagine not being so stressed about how to pay for basic things? So much so that you are able to travel, buy whatever food you want whenever you want, and have a nanny? Ah to be so ignorant and cocky about the realities of other human beings.
#25
NsG 3 years ago
The only way the question is not egregious is if there is a second part: "if someone [...] consider them rich, or filthy rich?" Personally, I wouldn't put them at filthy rich, because I think you do have to have breached $1m a year for that boundary. Or is that ultra-rich? There are just so many categories once you leave "poor" and "comfortable"
#26
#28
Rebecca Surette 3 years ago
I remember how stunned my elder son was when he asked my monthly income. I told him, and he said, "That's after expenses, right?" "No, that's gross," "My GOD, Mom, how do you survive?" Nicely, thank you. I am just very careful.
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What do you think ?
Warloew Brinn 3 years ago
I'm willing to bet there's not one "Nanny" that makes $16,000 per month. A rich guy paying a nanny that much makes me call bullshit on the whole thing.
just me 3 years ago
Could the nanny be through a service that takes a significant portion of that? Maybe they're counting 'rent' for the room the nanny lives in (24/7 so I assume on site) as part of the pay they aren't actually giving in cash? I can't figure out how they could come up with a 16k/month figure otherwise.
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Emmie Jensen 3 years ago
I don’t have an issue with rich people/capitalism (that’s a can of worms I’d rather not open at the moment), but it really irks me when they don’t realize how good they have it.
Warloew Brinn 3 years ago
I'm willing to bet there's not one "Nanny" that makes $16,000 per month. A rich guy paying a nanny that much makes me call bullshit on the whole thing.
just me 3 years ago
Could the nanny be through a service that takes a significant portion of that? Maybe they're counting 'rent' for the room the nanny lives in (24/7 so I assume on site) as part of the pay they aren't actually giving in cash? I can't figure out how they could come up with a 16k/month figure otherwise.
Load More Replies... Emmie Jensen 3 years ago
I don’t have an issue with rich people/capitalism (that’s a can of worms I’d rather not open at the moment), but it really irks me when they don’t realize how good they have it.
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