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Some specific about Foo, as salaries and living costs in finance are roughly similar for analyst/associate level across banks, and I do know how much it costs to live in Manhattan.The kids thing is something I've heard many higher ups complain about. After tax that roughly works out, right? (90k*.6)/2=27k per kid per year for school. Anyway, it's safe to say that no associate can afford a bespoke suit, unless they rack up debt, have other sources of income or decide not to socialise for at least a couple of months.
I probably should have said Manhattan or in general. I was more getting to that Manhattan is a microscopic subset of the general populous, so there are tons of people in the US that aren't burdened by such exorbitant living cost, even in the great NYC area..
I still assert that the majority of the SF tribe are the in debt bling seekers though. And that isn't beginning to get into social commentary on mass consumption.