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Reply to "Study shows that 350k/year is barely scrapping by as middle class"
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[quote=Anonymous]Ok let's use logic here. Take the average household income and house price from 1985 in Fairfax or Montgomery county. Then take into account that the average job had a pension, so take that you need to save at least 15 percent of your income to retire at age 55. Also factor in that in order to get an average job you need to have a college degree which wasn't that case in 1985 and is a major cost. What you end up with is that the cost of living that is very high because of no more pension, high housing and education costs. That's the reality of today and why people feel like they are worse off then their parents even though they appear to be earning a lot. Think about why there is so much outrage and why people want to make America great again , which probably can never happen again. https://www.bankrate.com/calculators/retirement/retirement-calculator.aspx[/quote]
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