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$500K is a lot of money even for someone who lives in New York. The only interesting line in that article is this one, which is scary also for the middle class who live in NY:
"But in New York, where a new study from the Center for an Urban Future, a nonprofit research group in Manhattan, estimates it takes $123,322 to enjoy the same middle-class life as someone earning $50,000 in Houston, extricating oneself from steep bills can be difficult."
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