Reply to Cost of a car and HHI/NW

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]This is why when you read average and median stats for 401k savings, they're shockingly low.  Like half of all Americans have $0 saved for retirement.

Then you go read how the Ford F150 and all of these insanely expensive trucks are top selling cars. Go out and see all of the audis, BMWs, lexus, Teslas etc. on the roads.  People in America spend, spend spend, have a debt fueled life, and save very little. Then they have to shell out even more for stupidly expensive repairs and maintenance.

We have a healthy income and drive a completely paid off Mazda that was less than $21k.  We will need a new car soon, but I wouldn't feel comfortable buying anything more than a smallish Toyota.  [/quote]

I respectfully disagree. I think there are a lot of people who make enough money to drive luxury cars and still save for retirement and travel and do everything else they want to do. 7.6 million people in the U.S. make over $300K/year. [/quote]

That’s a very small fraction of the U.S. population. [/quote]

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