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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We live in the Midwest. Because of a layoff 6 years ago, we make around $90,000 combined. We are middle class here. We have a 5 bedroom home with a very low interest rate that is almost paid off. We also have lake rights, have a used boat, two older cars. Because we saved a lot when we were younger, we have what for this area is good savings of around $1M. We also have pensions. Kids did public school and we had prepaid tuition plans. Vacations are mainly in Florida, Michigan, Ohio, the Carolinas, the Caribbean This is a true middle class life. [/quote] No. In the Midwest you are rich. Middle class in the Midwest doesn’t have $1M savings or a boat. Stop it. [/quote] Their boat is used, so clearly they are middle class. The hilarity of having a 5 bedroom house almost paid of, multiple kids sent to college with no student loan debt, vacations to the Caribbean, and a boat as being middle class is why rich people have no sympathy for middle class struggles- they're middle class and everything is great. [/quote] What are "middle class" people allowed to have, exactly? Our used boat cost us $4,000. Our cars are 10 and 17 years old. Our kids went to college with no debt because we had prepaid Florida tuition plans we paid on since the moment they were born. Our large house was $275,000, and we used the funds from our small first house to put a large downpayment because we sold that house during the housing boom, then bought in a different, lower cost area. We have a lot in our retirement funds because we have been saving for 40 years. Neither of us has ever made a six figure salary. And yet the people here think they are poor with HHI of $ 250,000. [/quote]
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