Do they have to work to live?
Despite an annual income around $400,000, the engineer says he doesn't qualify.
That's because the cost of living in the area has skyrocketed, and even families earning a solid six figures might not be able to send their kids to a top school, live in a larger home, buy a new car, and save for retirement.Silicon Valley does not settle when it comes to innovation, disruption, or money.
In the golden era of tech, the goal posts are continually shifting. As far as being"wealthy," the threshold is as elusive as ever.his litmus test for whether someone is wealthy: Mercury News' Leonardo Castañeda"I know that, given our income, we would be considered wealthy in other parts of the nation," Chan told Mercury News."But in the Bay Area, I think we're just kind of middle class. We have a good salary, but we have a lot of expenses.
"We have a mortgage. We know that there will be more expenses in the future," Chan said."I don't think we have the luxury of not working."The
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