Reply to How do so many young families have $80k SUVs?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think a lot of it is spouses with high paying jobs plus family money.  My kids public school is filled with these families. We live in an old tiny house in Bethesda, and I’m always amazed at all my kids friends who live in $2.5 million plus houses, drive expensive cars, send kids to sleepover camp that’s at least $15k per kid, mom’s have multiple expensive purses, fancy vacation etc.  I assume spouses are making big salaries and grandparents help too. [/quote]

We know people who grew up wealthy and jointly make around $250-300K and live like they make $1M, because they want to maintain the type of lifestyle they grew up in and are able to use family money to do so (ie, supplement their HHI income). If you don’t have family money, or a lot of it, accept that it’s not going to be an apples to apples comparison.

Most SAHMs who are under 35 and have kids in elementary school (ages 5+) didn’t make tons and tons of money between the ages of 23-30. Most college grads are not going to Jane Street or Citadel immediately following graduation.[/quote]

Inherited wealth is definitely the biggest driver of the inequities you may see. My husband and I are always in awe about how parents of our kids friends have these glam low paying jobs, or are SAHP, and send their kids to private school despite having limited income that we can discern.  But these kids have wealthy grandparents who gifted them their homes outright and pay the grandkids' tuition,  while we pay a big mortgage each month on a home we paid for ourselves.   [/quote]

I disagree with the "most SAHMs under 35 with kids didn't make tons ".  Most of the SAHMs I knew in my 30s actually DID.  They gave up high paying/good jobs to SAHM with their kids. Some for 5-7 years, others for longer term.  I personally was making 6 figures at 29 when I quit to SAHP (this was 27 years ago, so that was great pay).  No regrets[/quote]

OP is talking about 34 year old SAHM with elementary aged kids, so assuming they went SAH around the time they had their eldest they would have left the workforce in their late 20s. Late 20s is not 35. And congrats on making whatever you did in your late 20s, but you understand that you are one person. Right? [/quote]

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