Gralin
Super Moderator
- Moderator
- #3,126
Perception as you say is everything.Yeah agreed an income of $180k plus means you should be doing well unless you have made some seriously bad financial decisions Perception is everything though, whilst only a few, there are some here that think that salary affords extreme luxury, it doesn't. Just to add, at least in Vic, a good public school carries a good reputation which then leads to vastly increased housing prices both ownership and rental due to zoning which then prices out middle to lower income families.
It's why people on good money compared to the average often still feel like they're struggling.
There's no doubt that someone on $180k with a mortgage is doing worse in real terms than they were 2 years ago, it's more a question of what their worse looks like.
People don't tend to look beyond their own circumstances so you end up with a bunch of people on decent money talking to each other about how much worse life is now than it was before and they'll see this change as a loss instead of a smaller gain.