Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   In today's most relatable personal finance story, here's how a pair of married ballet dancers making $178k/year get by in Chicago   (cnbc.com) divider line
    More: Weird  
•       •       •

3063 clicks; posted to Main » on 29 Oct 2020 at 1:20 PM (28 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



Voting Results (Funniest)
View Voting Results: Smartest and Funniest

 
2020-10-29 1:46:43 PM  
18 votes:
Most of the dancers who make big bucks are paid in dollar bills...
 
2020-10-29 1:50:33 PM  
8 votes:

Shryke: baronbloodbath: Even so, my liquor budget has never exceeded $100 for a month

What are you, Mormon, Mr. Mormon McMormon?


Well, I only drink on two days every month.

Today, and Yesterday.
 
2020-10-29 1:38:34 PM  
8 votes:

GBmanNC: baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?

That's around $50 a person a day. WTF indeed, I could barely manage that if I tried. Maybe eating out for steak every meal?


My guess is they are also counting alcohol as food.

Even so, my liquor budget has never exceeded $100 for a month. They must be eating at top tier restaurants like Olive Garden.
 
2020-10-29 1:46:35 PM  
7 votes:

Rev.K: They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.


Are you suggesting they kill and eat their dog? Because it sounds like your suggesting they kill and eat their dog...
 
2020-10-29 1:27:37 PM  
7 votes:
Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?
 
2020-10-29 1:33:56 PM  
6 votes:
frinkiac.comView Full Size
 
2020-10-29 1:04:44 PM  
5 votes:
First of all, they're not married, they're engaged.

Second of all, they're making (under 10-month contracts), $77,000 and $66,000, respectively. This is working as full-time dancers who are, from how they're described, at the very top of their game. The bigger question I have is why he is earning $11,000 more than she is, but maybe there's a perfectly legitimate reason for that. But while both of those salaries certainly put them comfortably in the middle class on any scale, they're certainly not exorbitant. I doubt either of them would have been able to afford an apartment in Chicago on their own -- it's only by combining their incomes that they can.

The rest of their income (beyond the $143,000 they bring in together, which presumably is before taxes) is earned through what are essentially side hustles. And, apparently, they also draw on some unemployment during their two months of down time each year when they're not being paid from their contracts. Some people may take issue with that, but, as with the apparent gender gap, that's a side issue.

So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.
 
2020-10-29 4:36:39 PM  
4 votes:
Fark user imageView Full Size
 
2020-10-29 1:50:45 PM  
4 votes:

Rev.K: They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.


they're dancers, not financial planners
 
2020-10-29 1:46:32 PM  
4 votes:

baronbloodbath: Even so, my liquor budget has never exceeded $100 for a month


What are you, Mormon, Mr. Mormon McMormon?
 
2020-10-29 1:30:08 PM  
4 votes:
"...the couple bought an apartment together, adopted a Boston Terrier named Kahlua and got engaged in the summer of 2019."

Do we need four more years of this?
 
2020-10-29 2:33:48 PM  
3 votes:
Curious how they plan to pay $7000 in monthly expenses when they retire in a few years.

Doing the math on the condo, it seems they are 3 years into a  30 year mortgage.

Seems to me to have any chance of they will need to pay off the mortgage (somehow) and switch to a much cheaper diet.

Good synergy would come with eating their $1056/month pet and any leftover food it has.
 
2020-10-29 1:54:27 PM  
3 votes:

OptionC: Pocket Ninja: So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.

Also, as the article points out, they are essentially professional athletes and at 30ish years old, far closer to the end of their careers than the beginning.  From that POV, their financial position is actually rather terrifying - in 5 years or so, they are going to go from $180K to ????


Porn. The answer is always porn.
 
2020-10-29 1:37:15 PM  
3 votes:

baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?


They're both professional athletes, not desk jockeys. They actually need an unusually high amount of calories.
 
2020-10-29 1:28:57 PM  
3 votes:
I thought Trump blocked male dancers from getting up married?  DNRTA
 
2020-10-29 1:24:00 PM  
3 votes:
If they're "mak[ing]up for lost income through extra projects in the dance community," they're fraudulently claiming funemploymemt.
 
2020-10-29 1:23:22 PM  
3 votes:
Pocket Ninja:

So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.

Look around you. Do you see a lot of people willing to work very hard? I know I'd rather not if I had a choice
 
2020-10-29 6:34:11 PM  
2 votes:

badplaid: whitroth: badplaid:

If you're talking downtown, or on the Mag Mile, yeah. The rest of the city? Not so much.

Well, downtown, mag mile, west loop, south loop, river west , bucktown/wicker park, lincoln park, pilsen, lakeview, north center, lincoln square and logan square. To me, Chicago ends at about the 7th L stop from downtown. Beyond that are high density suburbs and rarely do those people go to other neighborhoods not immediately surrounding their since its not practical.  When I lived in the West Loop, dating someone in Rogers Park or Jefferson Park was like dating someone on the moon.

Take the 3-5 best restaurants in each of those neighborhoods...either $$$$ or mobbed during dinner hours.

Then move down to the next best 3-5 restaurants...the quality drops off fast. Most neighborhoods don't even have a decent backup in the same cuisine as the good restaurants.

10-12 years ago, I could name 8 or 10 places in each of those neighborhoods that had decent food at decent prices and tables on weekends. Bucktown is a shell of itself food-wise, Lakeview lost 6 or 7 great places, Logan has a lot of good options, but you cant get in to most.  By the end of my days in the city, downtown options were more affordable and accessible and decent than the collar neighborhoods, especially outside of tourist season.


I broke up with someone when they messed with the 11 bus route on Lincoln Avenue.

Sorry, not walking 5 miles to your apartment to hang out.
 
2020-10-29 1:57:11 PM  
2 votes:

MusicMakeMyHeadPound: baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?

They're both professional athletes, not desk jockeys. They actually need an unusually high amount of calories.


Lol.

Powerlifters aren't even hitting that amount of money spent on food.
 
2020-10-29 1:54:09 PM  
2 votes:

Rev.K: They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.


They don't seem to be complaining, this is just a snapshot of what their finances are like. The only problem they seem to have is that their careers are unlikely to last more than maybe 10 more years. That said, TFA says they save $500/week (I'm assuming that's combined, through the 40 week ballet season, so $20k/year into savings) plus are eligible for pensions.

But yes, that's a hell of a lot to spend on food (the pet has cancer and I'm not going to fault them for taking care of it). I'm sure it's expensive to eat healthy meals when you're burning a ridiculous amount of calories every day, but they could certainly cut way down on that budget if they need to.

On a side note, I'm very disappointed that the article didn't delve into how tragic it would be if Joe Biden's tax plan got implemented and these poor folks would be destroyed by it. It could be because they would be completely unaffected by it, as despite earning a solid middle class income they wouldn't be taxed more, but I bet it's just that CNBC is slipping and forgot to insert a rant about that.
 
2020-10-29 1:41:38 PM  
2 votes:
They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.
 
2020-10-29 1:33:11 PM  
2 votes:

Lochsteppe: halifaxdatageek: Unlike most millennials, they don't have decades of career advancement ahead of them - at least not as professional ballet dancers. Most dancers retire by 35 or 40, and with that in mind, the couple is diligently saving a big chunk of their $178,000 combined annual income in anticipation of their next act.

That.

That was supposed to read "exactly like most millennials, they don't have decades of career advancement ahead of them."


More like "unlike most millenials, they don't have decades of career stagnation ahead of them."
 
2020-10-29 8:31:29 PM  
1 vote:

baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?


Ummmm....I don't know about now, but I do know that back in the 70's - 80's ballet dancers did a LOT of blow & smoked to keep their weight low. Those things might be counted as "meals", possibly.
 
2020-10-29 6:38:50 PM  
1 vote:
Nice article...IT'S ALL IN THE SHIMMY!
 
2020-10-29 6:04:58 PM  
1 vote:

MZach42: the side gigs are not unreported


Yeah, right. It's 1099 income and they aren't reporting that to the weekly funemployment check-ins.
 
2020-10-29 3:04:23 PM  
1 vote:

Pocket Ninja: First of all, they're not married, they're engaged.

Second of all, they're making (under 10-month contracts), $77,000 and $66,000, respectively. This is working as full-time dancers who are, from how they're described, at the very top of their game. The bigger question I have is why he is earning $11,000 more than she is, but maybe there's a perfectly legitimate reason for that. But while both of those salaries certainly put them comfortably in the middle class on any scale, they're certainly not exorbitant. I doubt either of them would have been able to afford an apartment in Chicago on their own -- it's only by combining their incomes that they can.

The rest of their income (beyond the $143,000 they bring in together, which presumably is before taxes) is earned through what are essentially side hustles. And, apparently, they also draw on some unemployment during their two months of down time each year when they're not being paid from their contracts. Some people may take issue with that, but, as with the apparent gender gap, that's a side issue.

So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.


tldr; this is just a specific case of two people, both of whom are in very unique circumstances, and who are not representative of anything, regarding the other millions of people in this country, good or bad.
tldr2; this is a useless article and a waste of a click
 
2020-10-29 2:56:03 PM  
1 vote:
Give me a break. In '96, my late wife and I and the kid had a house in Chicago, and when I got the raise to just under $54k/yr, she went part time, so she could write. And we could afford to eat out more than once a month.
 
2020-10-29 2:47:30 PM  
1 vote:

italie: Pocket Ninja: First of all, they're not married, they're engaged.

Second of all, they're making (under 10-month contracts), $77,000 and $66,000, respectively. This is working as full-time dancers who are, from how they're described, at the very top of their game. The bigger question I have is why he is earning $11,000 more than she is, but maybe there's a perfectly legitimate reason for that. But while both of those salaries certainly put them comfortably in the middle class on any scale, they're certainly not exorbitant. I doubt either of them would have been able to afford an apartment in Chicago on their own -- it's only by combining their incomes that they can.

The rest of their income (beyond the $143,000 they bring in together, which presumably is before taxes) is earned through what are essentially side hustles. And, apparently, they also draw on some unemployment during their two months of down time each year when they're not being paid from their contracts. Some people may take issue with that, but, as with the apparent gender gap, that's a side issue.

So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.

$143k plus side hustle and they are collecting unemployment at any time in that year?

fark that. That isn't relatable, it's systemic abuse.


No it's not. They pay into the unemployment fund, they get to collect when they are unemployed. Doesn't matter how much they make. I happily collected covid unemployment this summer when I laid myself off due to covid and having have to take care of kids. Paid into for 23 years without ever collecting. Screw your line of reasoning.
 
2020-10-29 2:40:57 PM  
1 vote:
I imagine it's a far more difficult field to break into with making far less than the usual careers.   And as the article mentioned, with a window of opportunity where you're physically done in a couple decades, or much sooner due to injuries.

I can't relate because I don't have an iota of dancing talent in my body or any other talent for the arts or sports. Good for them on their financial planning.
 
2020-10-29 2:31:19 PM  
1 vote:

hlehmann: mrmopar5287: funemploymemt

This could have been a nice intentional misspelling, "Funemployment" : When you've been laid off and spend your days getting high.

But instead you had to add an extra typo and now it's just the result of a howler monkey banging on the keyboard.


Ever since the LA Times called it funemployment for the Obama years, it's in my autocorrect.
 
2020-10-29 2:15:40 PM  
1 vote:

mrmopar5287: funemploymemt


This could have been a nice intentional misspelling, "Funemployment" : When you've been laid off and spend your days getting high.

But instead you had to add an extra typo and now it's just the result of a howler monkey banging on the keyboard.
 
2020-10-29 2:03:36 PM  
1 vote:

Lochsteppe: halifaxdatageek: Unlike most millennials, they don't have decades of career advancement ahead of them - at least not as professional ballet dancers. Most dancers retire by 35 or 40, and with that in mind, the couple is diligently saving a big chunk of their $178,000 combined annual income in anticipation of their next act.

That.

That was supposed to read "exactly like most millennials, they don't have decades of career advancement ahead of them."


Why do you think that?  GenX is the smallest generation, so you'll have more opportunities to move up in management.  Additionally, COVID is doing you a favor in some sense in that it's killing off a lot of old people.

Your biggest threats are automation and economic stagnation.  One's a training/career choice issue and the other is largely a political issue.
 
2020-10-29 2:02:50 PM  
1 vote:

GBmanNC: Rev.K: They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.

Are you suggesting they kill and eat their dog? Because it sounds like your suggesting they kill and eat their dog...


Damn it
 
2020-10-29 2:01:15 PM  
1 vote:

Rev.K: They are spending $3,941/mo on food and their pet.

If they can't solve this problem, there are very few problems they can be counted on to solve.


Are you saying that they should eat their pets?
 
2020-10-29 1:58:33 PM  
1 vote:

baronbloodbath: GBmanNC: baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?

That's around $50 a person a day. WTF indeed, I could barely manage that if I tried. Maybe eating out for steak every meal?

My guess is they are also counting alcohol as food.

Even so, my liquor budget has never exceeded $100 for a month. They must be eating at top tier restaurants like Olive Garden.


Or eating deep dish pizza.
 
2020-10-29 1:54:55 PM  
1 vote:

halifaxdatageek: I mean, they ARE unemployed, haha, and assumedly pay into whatever the American equivalent of EI is the rest of the year.


No, they are almost certainly making cash or 1099 income that they aren't reporting while collecting funemployment.
 
2020-10-29 1:49:44 PM  
1 vote:
oh, BALLET dancers.

that's why they are in shape.
 
2020-10-29 1:37:59 PM  
1 vote:

Pocket Ninja: So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.


Their food budget is more than my take-home pay. How the fark am I supposed to relate to that?
 
2020-10-29 1:31:35 PM  
1 vote:

Pocket Ninja: The bigger question I have is why he is earning $11,000 more than she is, but maybe there's a perfectly legitimate reason for that.


I would guess is that a top ranked male ballet dancer is rarer than a top ranked female so gets paid more.
 
2020-10-29 1:30:06 PM  
1 vote:

halifaxdatageek: Unlike most millennials, they don't have decades of career advancement ahead of them - at least not as professional ballet dancers. Most dancers retire by 35 or 40, and with that in mind, the couple is diligently saving a big chunk of their $178,000 combined annual income in anticipation of their next act.

That.


That was supposed to read "exactly like most millennials, they don't have decades of career advancement ahead of them."
 
2020-10-29 1:28:13 PM  
1 vote:

baronbloodbath: Food: $2,885 (groceries, eating out and takeout)

Holy shiat. That's my mortgage, tax, insurance, and all utilities combined.

The Fark are they eating? Gold plated gold?


I mean if I were a professional ballet dancer, I'd probably be eating pretty well too.
 
2020-10-29 1:26:23 PM  
1 vote:

SuperChuck: Pocket Ninja:

So this is a story about two professionals who are apparently working very hard and very well in their chosen careers and the decisions they're making to build a life together. If that's not relatable, I'm not exactly sure what is.

Look around you. Do you see a lot of people willing to work very hard? I know I'd rather not if I had a choice


Your choice, man. I know I don't always give 100% every day, but I do enjoy a job well done.
 
2020-10-29 1:25:29 PM  
1 vote:
Dancer that earns > $80k USD annually = ~ .05% of all professional dancers world wide.

So this is an article about how some people do win lotto tickets sometimes.

Go eat turds for this kind of bs POV on American economic opportunity.
 
Displayed 43 of 43 comments

View Voting Results: Smartest and Funniest

This thread is archived, and closed to new comments.

Continue Farking





On Twitter



  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.