Reply to What is a donut family? A donut hole family?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have never understood this metaphor and still don’t. If income distribution were circular, I could picture it, but great wealth doesn’t loop around and eventually become impoverished.

What am I missing? [/quote]

The metaphor is for the middle being the part that gets left out. [/quote]

The above is the simplest and best explanation. [/quote]

And the most accurate.  Our kids are too privileged to receive help and not privileged enough to be helpful or get special treatment.

Also, schools assume are kids are “fine” and don’t need to move up the ladder (risky since we’re far more likely to slide down than move up in any economic turmoil.)

The best our kids can hope for is merit aid at a state U.  One of mine went this route but the other didn’t get merit aid.  So we’re now first time home owners with two kids in college, one is full pay, the other still has insanely high rent, and we’re supporting my elderly mother.  PP can stuff it with his fantasies.  My clothes are from Amazon and half my furniture is from Craigslist.  So yes, we’re paying it but no, we’re not living a luxurious life at all. It’s fun to be old and finally make a nice income and still have to check your balance before buying groceries - living the dream for sure. [/quote]

What you miss, is that people with less aren't getting much more help. Try doing all you do with half the income and a 10K coupon towards college. Think of all you wouldn't have if you were actually poverty level and receiving free college tuition.

Yes, donut hole means the middle is left out. But really that's a fiction and a way for the middle to pat themselves on the back and blame someone else. Sure there's a point that's wealthy enough that nothing matters, but everyone else makes sacrifices. Making sacrifices with 300K income, is clearly the better situation to be in.[/quote]

I don’t miss that at all. I’m taking issue with being told we are taking $20,000 vacations, have equity, and live some luxurious life.  Not true.  AND, this “hole” applies to acceptances too.  And taxes. The middle is grrreat. [/quote]

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