Quote:
Originally Posted by epchick
If they can't eat, buy clothes, etc on their $400,000 paycheck (without bonuses, incentives etc) yet they are buying expensive houses, expensive cars--all which you couldn't really do on their paycheck alone. That is living about their means.
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Again, who said that they couldn't eat? Giuliani said "less spending in restaurants, less shopping at department stores." These people are still making good money, and they're still shopping. They just wouldn't buy AS much as they would under normal circumstances.
The folks in finance that I know here all live within their means. The bonuses just allow them to inject even more money into the economy once a year or so.