The cost of living in San Francisco is so insane that a family of four can’t get by comfortably on $230,000 a year… even the upper-middle-class is getting hammered by Bidenomics.

A former Goldman Sachs analyst named Sam Dogen, who is now 46, splashed across the headlines in 2012 for retiring at the age of 34 with a worth of over $3 million. But that amount does not go as far as it used to in San Francisco, according to the father of two.

The New York Post highlighted that he wrote a bestselling book called “Buy This, Not That: How To Spend Your Way To Wealth And Freedom.” Dogen has been living off passive income from stocks, bonds, and real estate. Unfortunately with the state of the economy, it’s not cutting it anymore.

Dogen has cashed out a big portion of his investments to purchase property for his family in San Francisco, which would seem to be an ill-considered investment at best.

“Bidenomics” three years later pic.twitter.com/igf3ASvxFM

— GOP (@GOP) January 23, 2024

“Now, the financial guru says his investments will generate just $230,000 before tax, while his annual expenses are projected to top $288,000 in 2024. To net that sum, Dogen estimated he would have to earn approximately $420,000 a year before taxes were taken out,” the New York Post reported.

“Dogen declared that he was ‘not asking for sympathy or empathy,’ freely admitting that he lives a solidly upper-middle-class life with his wife and two children,” the outlet added.

His primary point is that alongside comparable conditions for similar families, the cost of existing and supporting a family of four is thrashing his finances.

“The budget is based off my ideal lifestyle for a family of four in a big city,” he noted, referring to cities such as New York City. “Of course, there are areas to cut. But overall, it is a realistic and comfortable lifestyle.”

“Dogen’s annual budget includes $80,400 for private grade school tuition for his two kids, as well as $24,000 for healthcare costs,” the father noted.

Food expenses for the family will be over $26,000 and housing expenses, despite owning the property, will total $68,400 according to Dogen.

Under Biden, prices are up 17.3% across the board.

“Bidenomics” is not working for Tennesseans. pic.twitter.com/Pb83p8Tefb

— Sen. Marsha Blackburn (@MarshaBlackburn) January 24, 2024

“Because both my wife and I don’t have day jobs, we have to pay for unsubsidized healthcare insurance ourselves, which costs $2300 a month in premiums,” he explained.

Although the family could save a ton of money by moving, the tech sector and money-making opportunities are too big a lure for them to ditch San Francisco. That may not always be the case the way things are going.

“The good thing about living in San Francisco is that there are so many career and money-making opportunities… There’s just too much excitement to leave to a lower-cost area of the country to try to save money at the moment,” he stated.

Although Dogen lives well, the majority of Americans don’t have that much room in their budget to put up with leftist policies. His budget should be a wake-up call to Americans, many of whom are barely making it or living off of credit, praying for a miracle under Bidenomics.

“It really is a struggle to raise a family in an expensive city, save for retirement, figure out how to spend a lot of time with your kids before they leave for college, and enjoy life in general,” Dogen said in an interview with the New York Post.

“The former analyst, who holds an MBA from the University of California, Berkeley and also worked as an executive director at Credit Suisse, says he is now looking at going back to work or consulting after more than a decade of retirement,” the media outlet wrote.

CBS: “We talked to a bunch of people outside of a grocery store … we couldn’t find anybody feeling good about the economy.”

That’s Bidenomics! pic.twitter.com/XNJ8IXgiHL

— RNC Research (@RNCResearch) January 24, 2024

Forbes reported that the average salary for an employee in America is $59,428. In California, it’s a little higher at $73,220. To live off that, both parents have to work and even then it’s not enough. Many are taking second jobs to make ends meet.

“Meanwhile, a recent study conducted by Investopedia found that the average US citizen needs to make a whopping $3,455,305 throughout their lifetime to live the American Dream — which was classified as ‘owning a home, a car, a pet and sending two children to school,'” the New York Post alarmingly reported.

“However, the average American — across all education levels — only rakes in roughly $2.3 million, according to the research,” the outlet stated.

Dogen advises Americans to save wherever they can, even under the crushing weight of current inflation, and invest wisely.

“The best way to combat inflation is to save aggressively and invest consistently,” he urged. “History has shown that risk assets like real estate and stocks tend to outperform inflation over time. Therefore, it behooves everybody to save and invest as much as possible for as long as possible.”

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