Reply to Why a 300-400k salary doesn't feel rich

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]300K is rich in the sense that at that level you can [b]reasonably pay a mortgage, save for retirement, save for college, pay for daycare, and go on decent vacations[/b]. You are building wealth and buying your kids some breathing space, which is more than the vast majority of Americans can do. [/quote]

It’s kind of crazy that these things are now for the “rich.” I feel like owning a home and being able to save and occasionally take a vacation or 2 should be a very middle class thing that everyone can do. It’s weird to me that with all the resources we have and technology that makes life better, we haven’t figured out a way to improve human life more. Like unless you’re born to rich parents you have to take out massive loans to get an education and may never make it on the property ladder.[/quote]

OP here. This is my point exactly [/quote]

People's baseline standards have changed. Going on a vacation meant staying at a relative's house for a week when I was a kid. We drove there in our old station wagon. We didn't have a/c in the house when I was a kid. No one wants to live like that now - and the baseline cost of an upper middle class life reflect that.

Life is certainly better now! But those better things cost more.

That said obviously housing and education are exponentially more expensive - so it's not all a matter of, all our tastes have leveled up. But some of it is certainly that.[/quote]

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