Reply to Great aticle on how middle class is struggling and not saving enough

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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=Anonymous]Clearly the writer made poor decisions and is fully responsible for his poor choices and circumstances.  That said, the reason he lives in the Hamptons is because of his job, not delusions of Wall Street grandeur.  If you google him, he is a writing professor in South Hampton, which is a very solid job for a writer.  The dumb move was buying a new home while the other had not sold.  But living in the Hamptons is not itself a poor decision.  Hopefully he has tenure and can keep working.  Maybe coming out like this can lead to better decisionmaking.

His wife can choose to work or not, it might help their bottom line. [/quote]

Actually, it's still not a wise decision, given his financial circumstances.  People turn down jobs all the time because they can't afford to live in the area where the job is located. I know of a federal government job in Jackson Hole that has (or at least had, I haven't checked lately) gone unfilled because no one can afford to live in Jackson on a government salary.  Further, there are places that are commuting distance to South Hampton that are not as expensive as South Hampton.  His silly comment about how the "poor people" live in the Hamptons year-round (vs. the rich people only in the summer) shows that he understands that people will look askance at his choice.

But it's all fine -- his daughters got a fine education, and one of them has a high-paying job that allows her to pay his fuel bill.  [/quote]

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