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 couples 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. https://t.co/mauqIGvcRw pic.twitter.com/eh7xBwvMV1
CNBC (@CNBC) March 26, 2019","type":"rich","meta":{"author":"CNBC","author_url":"https://twitter.com/CNBC","cache_age":86400,"description":"Here's a budget breakdown of a couple that makes $500,000 a year and still feels average. https://t.co/mauqIGvcRw pic.twitter.com/eh7xBwvMV1 CNBC (@CNBC) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","thumbnail_height":577,"thumbnail_url":"https://pbs.twimg.com/media/D2jRJxiW0AAwAvo.png:large","thumbnail_width":723,"title":"CNBC on 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News","slug":"politics-news"},"section":{"title":"Media","slug":"media"},"topic":{"title":"CNBC","slug":"cnbc","overridesSectionLabel":false},"url":"https://action.news/news/topic/cnbc"},{"name":"budgeting","slug":"budgeting","links":{"relativeLink":"topic/budgeting","permalink":"https://action.news/topic/budgeting","mobileWebLink":"https://action.news/topic/budgeting"},"url":"https://action.news/topic/budgeting"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">Here's a budget breakdown of a couple that makes $500,000 a year and still feels average. https://t.co/mauqIGvcRw pic.twitter.com/eh7xBwvMV1
CNBC (@CNBC) March 26, 2019
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, theres only $7,300 left each year to go towards other savings goals, investment accounts or retirement funds.
That information didnt 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.
Advertisement
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
Vacations: $18,000 a year
Rob Flaherty (@Rob_Flaherty) March 26, 2019
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
imagine being able to put away $36,000 in a 401k every year that is more than two annual federal minimum wage jobs https://t.co/TDJpe4sqwW
darth (@darth) March 26, 2019","type":"rich","meta":{"author":"darth","author_url":"https://twitter.com/darth","cache_age":86400,"description":"imagine being able to put away $36,000 in a 401k every year that is more than two annual federal minimum wage jobs https://t.co/TDJpe4sqwW darth (@darth) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"darth on 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darth (@darth) March 26, 2019
CNBC is remarkably good at making people get mad about this breakdown every 6 months or so. https://t.co/zJOV4N4Bym
Justin Green (@JGreenDC) March 26, 2019","type":"rich","meta":{"author":"Justin Green","author_url":"https://twitter.com/JGreenDC","cache_age":86400,"description":"CNBC is remarkably good at making people get mad about this breakdown every 6 months or so. https://t.co/zJOV4N4Bym Justin Green (@JGreenDC) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Justin Green on 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News","slug":"politics-news"},"section":{"title":"Media","slug":"media"},"topic":{"title":"CNBC","slug":"cnbc","overridesSectionLabel":false},"url":"https://action.news/news/topic/cnbc"},{"name":"budgeting","slug":"budgeting","links":{"relativeLink":"topic/budgeting","permalink":"https://action.news/topic/budgeting","mobileWebLink":"https://action.news/topic/budgeting"},"url":"https://action.news/topic/budgeting"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">CNBC is remarkably good at making people get mad about this breakdown every 6 months or so. https://t.co/zJOV4N4Bym
Justin Green (@JGreenDC) March 26, 2019
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40 percent effective tax rate??? I call shenanigans https://t.co/Dxw0uf3J9C
ryan cooper (@ryanlcooper) March 26, 2019","type":"rich","meta":{"author":"ryan cooper","author_url":"https://twitter.com/ryanlcooper","cache_age":86400,"description":"40 percent effective tax rate??? I call shenanigans https://t.co/Dxw0uf3J9C ryan cooper (@ryanlcooper) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"ryan cooper on 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I call shenanigans https://t.co/Dxw0uf3J9C
ryan cooper (@ryanlcooper) March 26, 2019
Imagine what that student loan debt must feel like when not making $500k/yr. https://t.co/xOgbDFmuU7
Ryan Collins (@collinsr) March 26, 2019","type":"rich","meta":{"author":"Ryan Collins","author_url":"https://twitter.com/collinsr","cache_age":86400,"description":"Imagine what that student loan debt must feel like when not making $500k/yr. https://t.co/xOgbDFmuU7 Ryan Collins (@collinsr) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Ryan Collins on 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Ryan Collins (@collinsr) March 26, 2019
if you're spending 18K on 3 vacations in a year and still feeling \"average\" you're an idiot. https://t.co/WASKplbtvz
Matt Whitlock (@mattdizwhitlock) March 26, 2019","type":"rich","meta":{"author":"Matt Whitlock","author_url":"https://twitter.com/mattdizwhitlock","cache_age":86400,"description":"if you're spending 18K on 3 vacations in a year and still feeling \"average\" you're an idiot. https://t.co/WASKplbtvz Matt Whitlock (@mattdizwhitlock) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Matt Whitlock on 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Matt Whitlock (@mattdizwhitlock) March 26, 2019
\"we bought a $1.5 million dollar home and we feel average, feel bad for us\" https://t.co/WhVesL62CD
jordan (@JordanUhl) March 26, 2019","type":"rich","meta":{"author":"jordan","author_url":"https://twitter.com/JordanUhl","cache_age":86400,"description":"\"we bought a $1.5 million dollar home and we feel average, feel bad for us\" https://t.co/WhVesL62CD jordan (@JordanUhl) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"jordan on 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jordan (@JordanUhl) March 26, 2019
Advertisement
Yes, if you spend all your money on things, you will no longer have money for other things https://t.co/wIvpQJKoUL
For Chief, This Is It (@jesseltaylor) March 26, 2019","type":"rich","meta":{"author":"For Chief, This Is It","author_url":"https://twitter.com/jesseltaylor","cache_age":86400,"description":"Yes, if you spend all your money on things, you will no longer have money for other things https://t.co/wIvpQJKoUL For Chief, This Is It (@jesseltaylor) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"For Chief, This Is It on 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News","slug":"politics-news"},"section":{"title":"Media","slug":"media"},"topic":{"title":"CNBC","slug":"cnbc","overridesSectionLabel":false},"url":"https://action.news/news/topic/cnbc"},{"name":"budgeting","slug":"budgeting","links":{"relativeLink":"topic/budgeting","permalink":"https://action.news/topic/budgeting","mobileWebLink":"https://action.news/topic/budgeting"},"url":"https://action.news/topic/budgeting"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">Yes, if you spend all your money on things, you will no longer have money for other things https://t.co/wIvpQJKoUL
For Chief, This Is It (@jesseltaylor) March 26, 2019
pretty much everything on this list would be a life-changing amount of money to most folks, and IMO it's becoming increasingly obvious that these news outlets just do this to upset people https://t.co/hL8bRNz7sD
Mike Toole (@MichaelToole) March 26, 2019","type":"rich","meta":{"author":"Mike Toole","author_url":"https://twitter.com/MichaelToole","cache_age":86400,"description":"pretty much everything on this list would be a life-changing amount of money to most folks, and IMO it's becoming increasingly obvious that these news outlets just do this to upset people https://t.co/hL8bRNz7sD Mike Toole (@MichaelToole) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Mike Toole on 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News","slug":"politics-news"},"section":{"title":"Media","slug":"media"},"topic":{"title":"CNBC","slug":"cnbc","overridesSectionLabel":false},"url":"https://action.news/news/topic/cnbc"},{"name":"budgeting","slug":"budgeting","links":{"relativeLink":"topic/budgeting","permalink":"https://action.news/topic/budgeting","mobileWebLink":"https://action.news/topic/budgeting"},"url":"https://action.news/topic/budgeting"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">pretty much everything on this list would be a life-changing amount of money to most folks, and IMO it's becoming increasingly obvious that these news outlets just do this to upset people https://t.co/hL8bRNz7sD
Mike Toole (@MichaelToole) March 26, 2019
I wish I had 7 stacks left after I had this 'average' year. GTFOH #IGTBW https://t.co/xvS0SjgjfI
Herb Lawrence (@Ecnerwal23) March 26, 2019","type":"rich","meta":{"author":"Herb Lawrence","author_url":"https://twitter.com/Ecnerwal23","cache_age":86400,"description":"I wish I had 7 stacks left after I had this 'average' year. GTFOH #IGTBW https://t.co/xvS0SjgjfI Herb Lawrence (@Ecnerwal23) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Herb Lawrence on 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News","slug":"politics-news"},"section":{"title":"Media","slug":"media"},"topic":{"title":"CNBC","slug":"cnbc","overridesSectionLabel":false},"url":"https://action.news/news/topic/cnbc"},{"name":"budgeting","slug":"budgeting","links":{"relativeLink":"topic/budgeting","permalink":"https://action.news/topic/budgeting","mobileWebLink":"https://action.news/topic/budgeting"},"url":"https://action.news/topic/budgeting"}],"isLiveblogLive":null,"isLiveblog":false,"cetUnit":"buzz_body","bodyAds":["\r\n\r\n","\r\n\r\n"],"adCount":0},"isCollectionEmbed":false,"enhancements":{}}">I wish I had 7 stacks left after I had this 'average' year. GTFOH #IGTBW https://t.co/xvS0SjgjfI
Herb Lawrence (@Ecnerwal23) March 26, 2019
Yes. Their 1.5 million dollar home, 3 vacations a year, 401k contributions, 3 million in life insurance, and 18k in charity donations is so delightfully average. They must have to wear last seasons jimmy choos! Basic af amirite? https://t.co/VBvJythDIe
Jesse Cox - The Club Is Coming (@JesseCox) March 26, 2019","type":"rich","meta":{"author":"Jesse Cox - The Club Is Coming","author_url":"https://twitter.com/JesseCox","cache_age":86400,"description":"Yes. Their 1.5 million dollar home, 3 vacations a year, 401k contributions, 3 million in life insurance, and 18k in charity donations is so delightfully average. They must have to wear last seasons jimmy choos! Basic af amirite? https://t.co/VBvJythDIe Jesse Cox - The Club Is Coming (@JesseCox) March 26, 2019\n\n","options":{"_hide_media":{"label":"Hide photos, videos, and cards","value":false}},"provider_name":"Twitter","title":"Jesse Cox - The Club Is Coming on 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Their 1.5 million dollar home, 3 vacations a year, 401k contributions, 3 million in life insurance, and 18k in charity donations is so delightfully average. They must have to wear last seasons jimmy choos! Basic af amirite? https://t.co/VBvJythDIe
Jesse Cox - The Club Is Coming (@JesseCox) March 26, 2019
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