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Reply to "AEI says Dual-income 1-kid $133k/yr is "upper middle class""
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[quote=Anonymous][quote=Anonymous]Fake news. I live in a MCOL area with three kids, dual income with an HHI of $325 and we are struggling. Between childcare costs, student loan repayments, and credit card debt servicing (we took on cc debt during a spell of unemployment) we do not feel flush. Yes you can make a lot of money in America but ain’t nothing free or cheap.[/quote] This is the dumbest argument that is constantly repeated in some form or another. "I have made (suboptimal) life choices that have led to significant financial burdens. Our high salary in a MCOL area is spent servicing those obligations; therefore, we are not UMC." It's a combination if financial illiteracy, rationalization, and trying to establish yourself as the hero of your own story. [/quote]
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