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stankypickle | 4 years ago

There are many factors aside from spending habits that might lead to discrepancies between purchasing power of a 6 figure salary.

One example: discrepancies in the local cost of living. For example, someone could live like royalty on a 6 figures is Arkansas, but might barely scrape by with the same salary in San Francisco. According to nerd wallet, a salary of $106k in San Francisco is roughly equivalent to a salary of $50k in Little Rock, AR.

It's pretty presumptuous to suggest that they need to sitting down and carefully tracking spend without knowing more information. Especially considering the original poster wasn't asking for advice (or judgement) from a random internet stranger.

source: https://www.nerdwallet.com/cost-of-living-calculator/compare...

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