Rich people are so stupid with money it's no wonder why most of them get rich through their parents. They can't fathom living normally, even though they may posture about it. They're such brain poisoned little piggies with such a high standard for comfort.
Plus I suspect a lot of their lives are centered around ensuring they never interact with a homeless/poor person, which has to suck up a ton of their income. They need a fancy house in a white suburb, they need a huge vehicle, they need to stick their kids in a fancy private school so they won't mingle with the poors. They can't have wealthy without also building a social cocoon, even if they could have a much higher standard of life without such an incessant focus on the country club stuff.
I make less than a fifth of what these people make and I still take vacations overseas and have a comfy apartment. I can save money too every month. I barely own anything. The most expensive thing I own is a $900 bicycle. The most precious things I own are my cats. I eat rice and beans for half my meals and my TV is a CRT from 2002 connected to a Dreamcast and PS2. Like what the hell, why do you need a yacht
I'm an adult, near middle age. I bike everywhere. It's nice.
I don't have kids and never would, so I can't talk realistically about what that would be like. But I sincerely doubt I'd have any issues maintaining my current standard of living if I had like 6 times my income, but also two kids. In fact, if I was given $250k per year I'd volunteer to raise someone else's kids.
If the kids had disabilities or long term healthcare issues then yeah, that could be debilitating. I wouldn't put my hypothetical kids into a private school unless I was worried for their safety.
You gotta understand that to me $250k per year sounds like infinite money per year. So I'm never gonna be able to logically proceds that. I'm way down in the pits of selling manual labor and I'm never going to have anything higher than what I make now. $250k sounds like a fantasy, made up amount of money that I can't even fathom. If I woke up tomorrow with just $15,000 in my bank account I'd probably collapse and start crying.