Reply to If you classify yourself as UMC, how much do you spend in total each month?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Anyway, I was just interested in what someone else did with their $500k if they didn't spend more than $150k a year on themselves.[/quote]

They 1) pay far more % in tax than you 2) save aggressively for retirement 3) save for college. [/quote]

I guess they do spend about $100k more in taxes. We both save for college although my savings only covers in state. While you think you are so smart for thinking that someone saving $4000 per year by not doing sports or scouts, or math tutoring or vacations or whatever per kid somehow would be so much better off saving a grand total of about $75k over the course of a child's 20 year upbringing, the reality is that we just think you get paid too much for your "job" but this is the capitalistic society we live in so we accept living at the median income which is higher than other countries. The electrician in my home is doing as much as you are likely in this world. The average expenditure per person in DC is $80k and 50% of people in the US have debt and I have no debt so I'm not going to lose sleep over $4000 per year I could maybe not spend on my kids if they just stayed home and played video games every day. Didn't even include gas before or show how a lot of the cost is over the summer when there is no school. Anyway, the average family in the US spends $80k with a average income of $70k, and the average person in the DC area spends $80k with an average income of $52k, so it's very likely that most people in order to raise their children in this area are going to be spending $100k a year for a family of four. Could they save $10k more per year? Sure, but really the middle class and lower class people in this world also get the right to enjoy their lives without pinching every penny and clipping every coupon and just think you get paid more than you should as a human and not a superhero. [/quote]

Nothing in that whole lengthy screed justifies living so much above your means. I have to assume you plan to inherit your retirement fund. Otherwise I think any sane person would find living hand to mouth like this very stressful. [/quote]

I don't live above my means. I don't SAVE. People that make the median income don't have ways to save. It's that simple. Costs are associated with what people can pay which is always the max. and you all are the ones that are always driving up costs. The US is in debt. I'm not. If you make over the median income, great for you that you can save, but don't expect us at and below it to be able to have savings funds.[/quote]

How is the US debt relevant to your specific debt free life...[/quote]

This capitalistic land cannot keep itself debt free, so why is it expecting all of its citizens to be dept free and having their own savings plans? You have some nerve actually being high income, thinking yourself upper middle class, and berating people simply for not having a large savings fund who make 1/5 of your income.[/quote]

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