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by bluGill
2460 days ago
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It wouldn't surprise me at all if this doctor fits working class. In fact I know of poor people who fit that definition of working class even less than some doctors I know. It is about spending, and a lot of doctors - despite their high incomes - are in debt with no savings - and equity in the house is 5% as anytime it gets more than that they take out a home equity loan for the difference. Which is why doctors can feel like they are barely making it: with their spending habits it is a good thing their job is in demand. |
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No matter how much money or wealth one has, one almost always feels like they're stuck in their situation. That's part of the human condition. And expenses rising to meet income is also typical, at least in the U.S. But different classes of people have objectively different sets of options available to them, regardless of whether they appreciate those options or not.
Also, $600k/year is a ton of money. I make half that and carry a mortgage, apartment lease (temporarily, hopefully), partial second apartment lease (mother), and office lease all in San Francisco, in addition to paying down $130k in law school debt, as well as typical family expenses (two young children). To blow through $600k/year this doctor must have some serious issues. I can only assume the doctor's home is several million dollars, so even at 5% equity a double-wide trailer and bait shop should be well within his reach. But, again, regardless, this doctor has unfathomably more options than a typical working class family. (As do I, for that matter.) To compare the situations is borderline obscene.