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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]You’re just a millennial. My husband and I are 31, make $375k/year as a household, and can’t afford a kid either.  We both took out loans to pay full price for undergrad and we are still paying $1,000+ in loans each month (fortunately my law degree was on a full ride, but my husband is getting his MBA at sticker price), we paid for our own wedding, and we lost money on our first house in NY which ate up our down payment for a place here.  Recently, we’ve tried for a kid and are having trouble, so we looked at IVF costs and don’t have the $50k+ that it will cost to try for just one kid.. adoption is a similar cost.  We’ve worked our tails off to do well in school and work, but the expenses that our generation is saddled with will keep us renting and childless for a long time.  Almost all of my friends are in the same position.

Maybe your husband didn’t make great choices, but this generation as a whole is basically screwed, so that is part of it.  I wish you guys luck. [/quote]

How could you POSSIBLY have no $$ at that income level? 1K in student loans is just not that much with that income. Something is very wrong with this picture.[/quote]

+1. That poster is nuts. I was paying $700 a month in student loans for YEARS on a $85,000 income (I am early 40s now). My ex and I had an income of 280k total (and that is our income NOW if we were still married, which we are NOT) and have two young elementary kids and paid for a full-time nanny for 6 years ((more than 40k a year.  We also still contributed to retirement. The $375k couple has no excuse whatsoever. They are overspending on certain things, which is why they have no money.[/quote]

+2. DH & I are millennials (we’re both 33), 160K HHI, own our own home in DC, and have two kids. I have a $500/month student loan payment, DH has zero student loan debt. We make less than half of what these people make, I don’t get it?[/quote]

I mean, I posted to both commiserate with OP and assure her that even at a higher income, certain things aren’t guaranteed, but since folks seem so curious I guess I’ll mention that in addition to the $3k/mo we pay toward undergrad loans and my husband’s MBA (paying as we go), I have serious health issues.  We hit our out of pocket max every year ($6k) and we are loaded up on whole life and long-term care insurance, which costs quite a bit.  We also max out our 401ks.  I’d say at the end of a month, we might have ~$3k left over, but often that money goes toward helping other members of our family who are ill due to this genetic affliction or other random bad luck items, e.g., last month we gave $1k to my aunt who is destitute and needs treatment that insurance won’t cover.  It isn’t constant, but it adds up.  Even at the full $3k/mo, I’m not saving enough for 20% down on a home in the DMV anytime soon, anyway.

But, hey, thanks a bunch for calling me nuts.  Gotta love DCUM.  Instead of criticizing me, maybe you should practice gratitude for your good fortune. [/quote]

No offense,  you are nuts.  You account for about 10-12k in expenses monthly.  You don’t need to max out on retirement, that is a choice.  You could easily afford 20% down on a house and even with crappy credit you don’t need 20% down (even for a jumbo).  You sound like you have notions/ideas of needs to be instead of really looking into stuff and getting facts.  Rather than stressing for years, why not just hunker down for a year and live bear bones, ffs Covid times are the easiest times to do that, and pay off all your debt.[/quote]

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