Reply to Why is $275k hhi now so poor?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes, show us your expenses and we’ll tell you how to live like a king.  Clean your own house, cut your own lawn, stop streaming multiple services, stop it with the daily Starbucks.  Bring your lunch.

What kind of car do you drive?  Do you vape?   Are you getting a new phone every year?

Stop keeping up with the Jones’s. [/quote]

Do you believe that having[b] a cleaning lady, lawn service, [/b]streaming and ability to spend $20 bucks daily on lunch/coffee signifies luxury extravagant lifestyle if one works full time in a professional job? It's funny you think this is extravagant and get mad at DINKs in professional jobs (IMO they should be easily able to afford these things) but there is no questioning of the sky-is-the-limit accumulation of wealth by the 0.1% who cannot even invent ways to spend their vast fortunes and buy enough luxuries you cannot even fathom.  The trickle down from the uber rich class is only in form of charity and based on their personal values and opinions.

Good peasant, be happy things we used to take for granted in middle class upper layers are going extinct and we will be sifted into rich and poor happy to work most of their time and take on education debt just to pay for basic life not being able to afford a cup of coffee, happy hour drinks or a movie ticket.  
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How many middle class families had cleaning ladies when you were growing up?[/quote]

Didn't know any.  That's the thing.  What most of us grew up with as MC did not involve McMansions, cleaning ladies, lawn service, etc.  We were our parents cleaning service and lawn service on Saturdays.  We lived in a 3 bed 1.5 if lucky 2.5 bath home.  And we ate out once every 2 weeks at a "cheap" place.

We didn't uber eats, dine out 3-4 nights per week, etc.

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I think the point of OPs post is that they expected to live UMC life, not MC on this money because at some point it did used to buy you UMC lifestyle.  You earn professional salary and you should be able to afford to outsource a few things to get some time off on weekends away from chores to get some social time with peers at happy hour, go to a few dinners and grow connections to lead to better jobs, etc.  It meant you had some disposable income (to dine a few times, to travel on the budget, to buy a few nice things like electronics, furniture and car that are not beat up, clothes that aren't all from deeply discounted or thrift stores, etc.  It's not an extravagant life. But it does require something is left after you paid your bills and put your retirement portion away.

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And for someone making $275K, even in DCUMland, there SHOULD be something left for use as disposable income for outsourcing.  However, if you have two 900/month car payments, that is where some of your "disposable" income has gone. Choices are key because yes at 275K you are not getting "everything you want as extras"  Or they have a mortgage at the upper limits for their salary.  They can choose as DINKS to live in a condo or townhome, and then much of that is already "outsourced" and mortgage would be much lower.  But if they "need a 3K home that is less than 5 years old" then that is also a choice for where to direct "disposable income" [/quote]

PP here, and I fully agree.  If this is what they are doing then they are just spending their disposable income on monthlies that are indicative of higher levels of luxury that usually requires higher income or some assets kicking back some returns.  A new house alone will set you back to have to work just to afford to live there, but having a nice professional DINK lifestyle doesn't buy you a "next step upgrade" home.  Even if you are UMC your starter home is much more modest and not new construction mcMansion in a premium area. That's what you hope to upgrade to years later if all goes well and you don't spend your disposable income on other niceties or investments you appreciate more. [/quote]

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