Reply to What is Middle Class....Really?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://finance.yahoo.com/news/one-couple-feels-like-theyre-scraping-500k-year-144630331.html[/quote]

According to the author, "they are living comfortably, but not large."[/quote]

Just a couple examples from their budget:

Children's Lessons - 12,000
Charity - 18,000

Yeah - I see that they are definitely scraping by.....[/quote]

18,000 on a HHI of 500K is 3.6%. So not donating a ton.

And 12,000 in lessons for two kids...it says piano, violin, sports, academics. Each kid is $6,000 a year, or $1,500 per activity. That sounds about right for a year of piano or violin or gymnastics or whatever. Yes, a family doesn't have to do all of those things, or all of those things for two kids. But it doesn't sound like "living large." I spend $1300 a year for one of my kids to do Irish dance in a church basement and $1800 for piano and $1800 for the other one to take drums through the community music school. They do some Saturday classes in cooking and computers and stuff through the county that probably add up to another $1000 or so over the course of the year. (And thank god neither of them wants to do travel soccer or play hockey.) It is a lot of money on the one hand--and I know lots of people don't have this kind of money to spend--but it certainly doesn't feel like raising Richie Rich. [/quote]

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