[quote=nla]
Interesting stat. We’re at the mid 150k-<200k range. So that makes us at the top 7%? That's hard to imagine because if we go to the mall, we feel that everybody is making way more than us. I often ask my wife where are this people getting their money to buy expensive bags and clothes.[/quote]
People buy expensive shit they don't need, using credit, every day.
See the thread on viral strategic defaults, etc.
Looking around my coworkers - I am shocked how many are underfunding retirement and carry credit card balances with pretty decent engineering salaries. It's because they're at the mall spending money... those are the folks you're seeing.
