The budget breakdown of a couple earning $500,000 a year has been eviscerated on Twitter after users express their disbelief and distaste for the couple’s spending habits and inability to save more.
CNBC tweeted an image of the offending budget breakdown, which included a questionable percentage of income being taken out by taxes, 401(k) contributions, mortgage payments and other expenses.
Here's a budget breakdown of a couple that makes $500,000 a year and still feels average. cnb.cx/2JzTlfY
The CNBC piece that the tweet links to explains that the two are fortunate enough to max out their allowed 401(k) contributions each year but that after things like student loan debt, taxes and child care, “there’s only $7,300 left each year to go towards other savings goals, investment accounts or retirement funds.”
That information didn’t go over well with many readers. The breakdown of what the couple spends on — like “three vacations a year” and a BMW — hit a nerve for many people on social media.
The report is from March 2018, so the couple may be doing better (or worse?) now, but it seems CNBC was up for recirculating the article and inciting some internet fervor.
Vacations: $18,000 a year
BMW 5 Series and a Toyota Land Cruiser: $9600 a year
Children's Lessons: $12,000 a year
someone who is good at the economy please help me budget this. my family is dyinghttps://t.co/ugrCjN60yK
— Rob Flaherty (@Rob_Flaherty) March 26, 2019
40 percent effective tax rate??? I call shenanigans twitter.com/CNBC/status/11…
if you're spending 18K on 3 vacations in a year and still feeling "average" you're an idiot. twitter.com/CNBC/status/11…
I wish I had 7 stacks left after I had this 'average' year. GTFOH #IGTBW
Basic af amirite?
People On Twitter Shred Tone Deaf Budget Breakdown Of Couple Making $500,000
![People On Twitter Shred Tone Deaf Budget Breakdown Of Couple Making $500,000]()
Reviewed by CUZZ BLUE
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March 27, 2019
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