Monday, February 7, 2011

Why So Many Rich People Don’t Feel Very Rich

By CATHERINE RAMPELL
New York Times

Our post last week on whether the salary of Robert Gibbs, who is leaving his post as White House press secretary, is “modest” provoked some interesting reader comments. Several readers chimed in to say that even if it most likely placed Mr. Gibbs comfortably in the top 10 percent of earners, an annual salary of $172,000 probably didn’t feel like a lot of money, given where he lives, similarly educated counterparts in the private sector, etc.

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