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Reply to "Terrified and depressed due to downward mobility "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I feel the exact same way. I grew up UMC spending summers at the club playing tennis and swimming. We vacationed every year to Hawaii or Florida. Parents paid for college, mother didn't work, etc. Spouse grew up poor so in his view the fact that we make 225 K combined is fantastic. Inflation is steadily eating away at what life is costing us. We can't afford to pay for private college for our kids. I feel like it is nothing with inflation. One thing that we didn't get help on is buying a house or any help with childcare in the infant to preschool years. It was so expensive those years with two kids that we didn't buy a house until the youngest entered kindergarten. This I feel is the main issue that has set up behind and not just us our kids as well. Friends I know that had family help to buy their first houses kept those houses and are renting them out while they moved into bigger houses. By the time they are 65 they will own two houses free and clear which sets them up to help their own children buy houses. I was thinking of retiring at 60 but now I am thinking of toughing it out in a job I don't really like so that for three to five years (so retiring at 63 to 65) I can put money away for my kids to provide the down payment to purchase property. [/quote] JFC. If you are thinking of retiring early, but not quite as early as you wished, not because you have to work to pay the bills but to pass significant amounts to your kids, you are at a minimum UMC. And a clueless twit, but that has nothing to do with economics. [/quote] WTH? 65 is not retiring early.[/quote]
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