What do they do with it? Do they all drive around in BMW’s or do they have big medical bills/dependant care bills?
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Lots of bmw’s and audi’s in the lot. A smattering of volvo’s mixed in there. I’d say over 1/2 the cars in the lot fit that bill.
Don’t know about medical bills – but yeah, child care is probably an issue.
A couple of divorced folks where the 2 households, support payments, etc impacts their cashflow. Or having had to wipe out savings to buy out the ex.
And some of these coworkers have houses that they stretched far to get into… Carmel Valley, La Jolla, even 4S bought at peak is a stretch for a lot of engineering salaries. Perhaps I should say it’s beyond my personal comfort zone. But then again, I’m trying to save for retirement and pay off my house. Feeding that mortgage is making them cash poor and so there isn’t a lot of saving going on.
My observations are that it’s a small percentage that has $1M in investable assets.
