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Reply to "Great aticle on how middle class is struggling and not saving enough"
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[quote=Anonymous][quote]Why did the author empty his retirement plan to pay for his daughter's wedding? That's just dumb. I would imagine it's because he socializes mostly with truly UMC and rich people in Manhattan/Brownstone Brooklyn/East Hampton where this is the norm and he didn't want to disappoint her. And also admit he couldn't afford it.[/quote] This. Apparently appearances matter. But the in-laws are going to find out about his true financial situation when they have to ask the daughter for money. Hiding this is his downfall. It sounds like he wanted to be someone he is not. He is finally admitting his problems to himself and he feels better that other Americans are in the same place. However, most of those other Americans did not send their children to private schools, have wives that did not work, and pay for children to go to expensive private colleges. He is having problems for different reasons, but wants to lump himself in with those who did not live large like he did. [/quote]
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