I did the math many moons ago & 200 sounds about right….
The problem is – 200K is not your typical dual-family income. Not in the real world. Most people simply don’t bring in that much, even in the big professions.
And I’m not so sure that there is much, if anything, to put away into a retirement account.
Let’s do a quick run –
Mortgage – 36K
Utilities – 24K
Phones – 4K (home, cellphones)
Tuition – 50K (conservative number for 4 kids)
Cars – 20K (conservative number for 2 cars – lease+upkeep+gas)
Camps – 20K (conservative number for 4 kids)
Food – 18K (don’t even think Pesach)
I haven’t yet touched on take-out, cleaning help, clothing, laundry, dry cleaning…not to mention real luxuries like vacations, etc. Nor have I included Uncle Sam or retirement
We’re already at 172K!
Something’s just not right in the Frum world of NY