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Bonus Caps Make It Hard For 350-500k/Year Wage Earners To Make Ends Meet

Andrew Schiff, 46, is facing another kind of jam this year: Paid a lower bonus, he said the $350,000 he earns, enough to put him in the country’s top 1 percent by income, doesn’t cover his family’s private-school tuition, a Kent, Connecticut, summer rental and the upgrade they would like from their 1,200-square- foot Brooklyn duplex.

“I feel stuck,” Schiff said. “The New York that I wanted to have is still just beyond my reach.”

The smaller bonus checks that hit accounts across the financial-services industry this month are making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters.

“People who don’t have money don’t understand the stress,” said Alan Dlugash, a partner at accounting firm Marks Paneth & Shron LLP in New York who specializes in

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Added: Feb-29-2012 
By: Nurb
In:
Politics
Tags: ceo, broker, banker, 1%, one, percent, ows, wallstreet, wage, sacrifice, bonus, bailout, school
Views: 7130 | Comments: 51 | Votes: 2 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • Pff I could balance my expendatures on $10,000 a year... Clearly the stupid prick doesn't deserve his money.

    Posted Feb-29-2012 By 

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  • “I wouldn’t want to whine,” Schiff said. “All I want is the stuff that I always thought, growing up, that successful parents had.”

    Being a successful parent is raising children that respect themselves and others, and don't end up in jail.

    Posted Feb-29-2012 By 

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  • my grandma used to say,learn to live poor and your already Rich,it's the Rich that won't survive,..

    Posted Feb-29-2012 By 

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  • Absolutely no fucking sympathy whatsoever.

    Posted Feb-29-2012 By 

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  • Tell your family to cut back on the spending dipshit.

    Posted Feb-29-2012 By 

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  • Comment of user 'firetatoo' has been deleted by author (after account deletion)!
  • Talk about an entitlement attitude.My heart bleeds for this douche."those who don't have money don't understand the stress". What fucking world is this asshole living in?Good post Nurb.

    Posted Feb-29-2012 By 

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  • Just like the government, it isn't a revenue problem. It is a spending problem.

    Posted Feb-29-2012 By 

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  • If you're making $350k per year, then you are in that range of people who are smart enough to earn good pay and should be smart enough to know not to plan your life around money you don't have yet. If you assume you're going to make a $250k bonus each year and plan your life on that assumption, then you aren't worth your pay.

    Posted Feb-29-2012 By 

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  • Take your brats out of private school, stop dining out 4x a week and use coupons to buy food. Its the economy stupid!

    Posted Feb-29-2012 By 

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  • Comment of user 'Amusing' has been deleted by author (after account deletion)!
    • @Amusing Your absolutely right. The stress of running society, keeping the peace, and managing the most advanced civilization
      (the west) can be a burden, all while being blamed by the other "more fortunate" ones for causing all the worlds problems. If only I wasn't born white, then I wouldn't have the mental capacities I have and thus there would be no problems. Ignorance is bliss.

      Posted Feb-29-2012 By 

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  • Comment of user 'Duckmanlivesagain' has been deleted by author (after account deletion)!
  • Comment of user 'manontherun111' has been deleted by author (after account deletion)!
  • Comment of user '2cr51' has been deleted by author (after account deletion)!
  • this is from The Onion, right?

    Posted Feb-29-2012 By 

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  • Surely this is people just trolling... if they seriously want people to feel sorry for them then they have something else coming... Wah wah I only earnt $350k last year... So what if they have to actually cut some of the stupid shit out of their lives... I'd say welcome to the real world but they still aren't close.

    Posted Feb-29-2012 By 

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    • @Globalgenocide It is just trolling its just rubbing it in to the masses haha look at me im so poor

      Posted Feb-29-2012 By 

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    • @TheMonkeyOnYourBack It's people like that which should be deployed to fight the wars we are involved in. Our men and women die for $60k a year leaving behind families and friends, then the fuckheads that actually cause the wars in the first place complain that they aren't earning enough money while living in mansions...

      Posted Feb-29-2012 By 

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  • Funniest article I have read all day ;o)

    Posted Feb-29-2012 By 

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  • Some 1st world problems are so petty.

    Posted Feb-29-2012 By 

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  • Funny.
    Not funny that there are people really like that.

    Posted Feb-29-2012 By 

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  • I feel your pain, bud

    Posted Feb-29-2012 By 

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  • Whiny bitch. He feels "stuck"?
    I'll roll an 18" dildo in some honey and coarse sand and teach him all about what it feels like to be "stuck".

    Posted Feb-29-2012 By 

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    • Comment of user '2cr51' has been deleted by author (after account deletion)!
  • Boo fucking hoo!!!!!

    Posted Feb-29-2012 By 

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  • LOL, actually a pretty funny satire.

    But envy is bad kids.



    EDIT: You idiots DO know this is a joke right?

    Posted Feb-29-2012 By 

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  • Look at all the bitter class warfare whores on this here thread. God forbid someone's got money and success, eh libs? Gotta strike those fuckers DOWN. Clip coupons. Now that's the fucking way. Let me go puke now.

    Posted Mar-1-2012 By 

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    • @yorba

      he has money and success... in finance, yet he can't seem to manage and save his money?!

      Its 1% crying about their first world problems, reads like a goddamn Onion article.

      Oh forgot to mention that it was the unmitigated greed of finance assholes like Andrew that caused this crisis in the first place.

      17k a year... for his dogs... to be fed and walked by someone else. Where will he find the money outside of his 300K to keep his Porsche and his kids in 32k a year grade school AND More..

      Posted Mar-1-2012 By 

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    • @nkdmansam lol

      Posted Mar-1-2012 By 

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    • @yorba
      You complain about a sense of entitlement from the OWS people or those struggling to keep their house on two incomes, but these assholes are complaining they need those bonuses for moving money around or they might have to give up their second mansion in the hamptons.

      They have completely lost touch with reality and you guys defend them like they're guardians of society who know what's best for everyone which is why they needed those tax cuts extended.

      Posted Mar-1-2012 By 

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  • Translation were being shit on like the rest of america, and we shouldnt be.
    This guy is a twat. Say what you want about class warfare, it goes both ways. The government cut the amount of overtime nurses could work because they felt they were taking advantage of the nursing shortage in this country and making 100,000+ a year. You think that isn't class warfare? The people in the upper income brackets shit on those in the lower ones just as much.

    Posted Mar-1-2012 By 

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    • @autowolf
      "There's class warfare all right, but it's my class, the rich class, that's making war, and we're winning."
      -Warren Buffett, 2006

      Posted Mar-1-2012 By 

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