Bay Area Apparently the Nation's #1 Sugar-Daddy Destination

[D Ghost]

Sayeth the release: "A typical SF / Bay Area sugar daddy has an average income of $249,926, is worth about $5.7 million, and spends approximately $3,765 a month on his sugar addiction." Also, approximately 41.6 percent of them are married ? a source of immense civic pride to be sure.

http://www.eastbayexpress.com/EarBud...dy-destination

[Rochard]

This comes as no surprise to me at all.

(DJ, I've been trying to hit you up on ICQ. Please respond.)

[EddyTheDog]

They let straights into SF now?

[D Ghost]

hahahahaha

[InfoGuy]

Originally Posted by DJ The Kid

Sayeth the release: "A typical SF / Bay Area sugar daddy has an average income of $249,926, is worth about $5.7 million, and spends approximately $3,765 a month on his sugar addiction." Also, approximately 41.6 percent of them are married ? a source of immense civic pride to be sure.

$3,765/mo X 12 mo = $45,180/yr / $249,926/yr = 18.08%

So a typical SF / Bay Area sugar daddy is spending an average of 18% of pretax income on gold diggers. That seems very steep.

[Lichen]

Its was number one since forever...

[Love Sex]

Originally Posted by InfoGuy

$3,765/mo X 12 mo = $45,180/yr / $249,926/yr = 18.08%

So a typical SF / Bay Area sugar daddy is spending an average of 18% of pretax income on gold diggers. That seems very steep.

you forgot almost 6 mill in bank. why would anyone care about 4k a month

[pornguy]

Was wondering which bay area you were talking about.

[Forest]

how do you have 6m in the bank on 250k in income pre tax and spend 45k a year on some bimbo plus maintain a family, house, cars ect ect.

[InfoGuy]

Originally Posted by Love Sex

you forgot almost 6 mill in bank. why would anyone care about 4k a month

No, I didn't miss that fact, but being worth $5.7 million is far different than having $ in the bank. Much of those assets may not be liquid i.e. home, business, restricted stock, retirement accounts, etc. The ones who do care are the ones who end up keeping their wealth vs. the ones who blow through it.

Originally Posted by Forest

how do you have 6m in the bank on 250k in income pre tax and spend 45k a year on some bimbo plus maintain a family, house, cars ect ect.

My guess is the typical millionaire from the SF Bay Area is either an employee of a high tech company (private or public) or a venture capital company. A large chunk of the $5.7 million would be employee stock, restricted stock or stock options. I guess when it comes down to it, these people spend money like sports stars who pull in 6-7 figure incomes and wonder years later where all the money went.