This kind of stuff frightens me about moving to NYC: "...in New York, where a new study from the Center for an Urban Future, a nonprofit research group in Manhattan, estimates it takes $123,322 to enjoy the same middle-class life as someone earning $50,000 in Houston, extricating oneself from steep bills can be difficult."
On a separate note...the article chronicles how 500k doesn't get you far in NYC if you are used to earning in the millions. I for one think Obama's proposal of capping executive salaries is ridiculous, unnecessary, and harmful. However, I really don't need to the nyt to make me sorry for them and their delirious lifestyle.
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