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Reply to "This long after the recession, still afraid to spend money"
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[quote=Anonymous]PP again. I should add that I think that the next decade is going to be hard on the upper-middle class the way the last decade was on the middle class. A larger and larger chunk of our disposable income is going to be eaten up by rising cost of living and higher education costs, the need to save a larger percentage of our incomes for retirement as employers cut back on their matches, and greater healthcare costs (for insurance premiums, co-pays, and out-of-pocket costs). The middle class has already started to give up paying for traditional 4-year college, saving what they need for retirement, and expecting to have quality healthcare. The upper-middle class will be loathe to give these up, and that will translate to fewer high-end purchases.[/quote]
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