Bankers freak out at thought of losing Porsches, pet care3/1/2012
The fact that that Wall Street bonuses have dropped this year by about 14 percent is "making it difficult to maintain the lifestyles that Wall Street workers expect, according to interviews with bankers and their accountants, therapists, advisers and headhunters," Bloomberg reports, in a story that won't win these one-percenters much sympathy. Elements of the banker lifestyle currently under threat include: $17,000 a year pet fees, a Porsche (which the hedge-fund owner called "the Volkswagen of supercars"), and summer rentals (one family was forced to cope with renting a summer home for one month instead of three). As one Wall Street executive put it: "These people never dreamed they'd be making $500,000 a year and dreamed even less that they'd be broke."
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Could you ever feel bad for someone making $350,000 a year?