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Reply to "Study shows that 350k/year is barely scrapping by as middle class"
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[quote=Anonymous][quote=Anonymous]This isn’t a “study”, it’s an anecdote of how even $350k can be spent in full if you’re not careful. Middle class families are not spending that much on a mortgage, Cars, food, vacations, entertainment, even the insurance policies. That stuff gets cut drastically during the years of high child care costs.[/quote] You are right but the terms middle class and scraping by were added in and we’ve been arguing about them ever since. There have been a few definitions of middle class offered and now we have lower MC, MC and upper MC but those are less clear and seem to be defined by what types of vacations you take.[/quote]
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