Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It depends on your definition of MC/UMC. If you live in s DC suburb with kids, 2 or more cars, save for retirement still have a mortgage, and need to pay for college (our instate is 43K a year total) or need to pay for daycare  then yes $250-350 only funds a MC lifestyle. [/quote]

No, what's LEFT OVER after you pay for the expensive house you own, the multiple cars, the retirement savings and the college savings only funds a lifestyle that you call middle-class.[/quote]

Right?  The truly middle class in this country have trouble saving enough for college/retirement/emergencies.  They are one big expense or financial mistake away from having a really tough time.  They either do not go on international/expensive vacations or save for years and/or going into debt to do so.

I grew up middle class.  Rarely went out to eat, only flew a plane once before the age of 18.  The only college savings I had was what I saved from my parttime job in high school.  I am seriously worried about my parents' retirement.  THAT is middle-class my friend.  Our HHI is $175 and YES this is an expensive area but I feel very fortunate.[/quote]

That was the PPs point.  You misunderstood her.  [/quote]

Actually I was agreeing with the immediate PP, sorry if that wasn't clear.  There's a huge difference between feeling like you can't fund the lifestyle you want after paying for an expensive house and fully funding all of your saving priorities vs. never being able to afford an expensive house or save in the first place.[/quote]

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