Reply to Anyone here grow up wealthy or well off but have not surpassed parents/grandparents/GG Parents wealth or earnings?

Forum Index » Money and Finances

Reply to "Anyone here grow up wealthy or well off but have not surpassed parents/grandparents/GG Parents wealth or earnings?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Sure, that's where neoliberal economics have gotten us.

My mom was a SAHP, and my dad was a small town family doctor. No family money, just living below their means and investing. They are sitting on millions, and when they die, my inheritance will [i]maybe[/i] bring me close to where they were at my age in terms of net worth.

We have two professional incomes and we're doing... fine. It takes twice as many working hours to get to 70% of the level they were at 30 years ago. [/quote]

Are you living in a small town, living far below your means? If not, then [/quote]

If I were living in a small town, my house would cost half what my city house costs, my other expenses would be the same (thanks to corporate collusion on consumer goods), AND my salary would be half what it is in the city-- assuming I could even get a job at my current professional level, and not be stuck as a bank teller or something. I'd still be behind where my parents were.

And yes, we live below our means. Been saving like crazy since I started working. First for a house, then for kids' education and retirement. All the calculators say I'm at about 70% of where I should be for retirement, but I have never not maxed out my contributions.

There isn't a single economic indicator that demonstrates any kind of status quo. The economy is objectively different than it was, and it requires more work hours for the same outcomes [i]if you're lucky[/i]. [/quote]

So not living in a small town, not living as much below your means as you claim your parents did, and still complaining your parents had a better quality of life.

You could make the choices they made, you know. You don't want to. And yes the nicer lifestyle we're all enjoying costs more![/quote]

Mom, is that you?? Please read any one of the many articles I've sent you. The evidence is incontrovertible, unless you're on a 24-7 Fox news diet and think that gold is a wise investment. Oh, but you didn't finish college, so you might not understand the data. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics