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Reply to "Middle class life has me completely baffled"
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[quote=Anonymous]Costs for certain things have skyrocketed in relation to gains in real incomes. College costs are the obvious examples here- someone working a minimum wage job to put themselves through college has to work a LOT more now than in the past. Even something like catholic school- my middle class grandparents put all of their kids though catholic school in the 50s/60s. My parents wanted to do that for us but there was just no way. Retirement too- fewer employeR-provided pensions, people are living longer, and health care/long term care costs have skyrocketed. So it’s necessary to save more.[/quote]
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