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Money and Finances
Reply to "Great aticle on how middle class is struggling and not saving enough"
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[quote=Anonymous]exactly, 13:29. That formula works great until... ...you have some sort of major health problem that either insurance doesn't fully cover, or that doesn't allow you to work... ...or you have a layoff that lasts a lot longer than expected....especially if you end up having to take a lesser job just to have a job. I think it helps if you don't have a ton of kids, though, and you don't have them too early in life. I feel like every time I read about some middle class family facing unexpected hardships, they either started having kids really young or had more than a few of them. Kids are expensive, especially if the main breadwinner suddenly isn't breadwinning anymore and you didn't build wealth over time because your income was going out to the door for your kids. (and the bigger house and cars needed for the bigger family.)[/quote]
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