if you dig into whats actual safe to distribute after inflation and taxes, or conservative FIRE mid-life recommendations, its around 1-2% of principal per year . From 14m, 10-20k/month, about the budget of the white collar household in a major metro. Which is nice but hardly opulent. Rent, healthcare, and kids (or some expensive hobbies) eat that up in hurry.
20k a month being the budget of a white-collar household? We obviously live in very different worlds.
possibly. consider a hypothetical family in SF or NY. median 2 bedroom rent is 5k/month. mortgage on median area home price is 9k/month. . health insurance 2-3k. car 1k. food 1k. utilities & maintenance 1k. optional child care or private school 2-4k per child. Aside from the school choice everything is a vanilla lifestyle choice. I think 10k+ is not exceptional in top 10 US metros for educated professional dual income households