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Money and Finances
Reply to "At what HHI did you stop feeling middle class?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Class is a bad term. Middle income is probably more appropriate for most of the posts here. I think a real feeling of financial security comes from net worth. If you make 450k and get fired, your runway is not very long. But if you have 10 million in the bank and take income of $450k, you might feel more secure - not having to work for instance. I guess, I think middle class/income is about financial vulnerability. In my mind, you are economically vulnerable until you have enough wealth built up so that you can withstand losing your job without changing your lifestyle too much. [/quote] Isn't that called retirement? One doesn't change class when they retire, or do they?[/quote] It's retirement if you retire. Lots and lots of people continue to work after they achieve financial security. [/quote]
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