Thursday, March 1, 2012

“People who don’t have money don’t understand the stress” - No, it’s not The Onion

Submitted by wharrison:

Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

“I feel stuck,” Schiff said. “The New York that I wanted to have is still just beyond my reach.”

The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters.

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in financial planning for the wealthy. “Could you imagine what it’s like to say I got three kids in private school, I have to think about pulling them out? How do you do that?”

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(Source: seriouslyamerica)

Notes

  1. charliehanson reblogged this from stfuconservatives
  2. kotabearsdad reblogged this from stfuhypocrisy
  3. fropilops reblogged this from taozitao
  4. taozitao reblogged this from stfuhypocrisy
  5. loveandthetruth reblogged this from stfuhypocrisy
  6. otakugal reblogged this from stfuhypocrisy
  7. woofmeansiloveyouindog reblogged this from unfunny-kitty
  8. sarahcb1208 reblogged this from stfuhypocrisy and added:
    Oh boo hoo. I can’t afford a second.house....$350k bonus is more than all three of the...
  9. theamburglar reblogged this from stfuhypocrisy
  10. socialmisadventures reblogged this from stfuhypocrisy and added:
    Public school isn’t a death sentence. Some people are struggling to have a roof over their heads and food on the table....
  11. wonderful-nightmares reblogged this from stfuhypocrisy
  12. fantasticfemme reblogged this from stfuhypocrisy and added:
    1) Put your kids in public schooling. 2) Get rid of your Summer rental. 3) Forget about the upgrade to your duplex. 4)...
  13. xpapergirl-burntheworldx reblogged this from stfuhypocrisy
  14. chasestarlight reblogged this from stfuhypocrisy
  15. knicker-weasels reblogged this from stfuhypocrisy and added:
    no actually my family knows pretty fucking well what its like to not be able to afford your childrens’ education except...
  16. unfunny-kitty reblogged this from stfuhypocrisy
  17. stfuhypocrisy reblogged this from rantingnraging
  18. rantingnraging reblogged this from stfuconservatives
  19. i-sayanything reblogged this from stfuconservatives
  20. xoxokellio reblogged this from everfallinlove
  21. gordonecker reblogged this from stfuconservatives and added:
    Rich people problems.
  22. zionangel reblogged this from stfuconservatives
  23. trinklied reblogged this from stfuconservatives and added:
    Personally I’d love to experience the stress of living off of $350k per year…
  24. teaandcrumpets reblogged this from stfuconservatives
  25. maholy reblogged this from didimomo and added:
    I hate people. Boo fucking hoo.
  26. didimomo reblogged this from theenchantedcastle
  27. theenchantedcastle reblogged this from stfuconservatives
  28. swordofomens reblogged this from stfuconservatives