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Money and Finances
Reply to "Study shows that 350k/year is barely scrapping by as middle class"
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[quote=Anonymous]There are a lot of flaws in the details - but the themes are accurate. Most people child gear is a one time expense - but as the kids get older those $ goes to lessons and other items. Child care - becomes after care and summer camps But most middle class families trade off one thing for another. Most families I know are not doing 529 when they are doing daycare. OR they lower retirement savings to the company match during the lean years of childcare. It is max 401K + max 529 + max childcare. [/quote]
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