Reply to What is a "donut hole family"?

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[quote=Anonymous]Not sure what the need is to shame people for not saving enough.

Housing costs have seriously outpaced earnings. Even if you don’t upgrade to a big house or a fancy kitchen (we didn’t) you still have to keep your roof from caving in. The cost of even basic repair is eye-popping.

Healthcare costs have seriously outpaced earnings — even when a family is perfectly healthy with no major catastrophe (and god help the family who dealing with catastrophic illness or chronic disease or motor vehicle trauma).

Eldercare, which many of us are dealing with, has seriously outpaced earnings.

And yes: education has seriously outpaced earnings. Half a million dollars per kid? Come on.

Nearly everyone I know is reeling from the high cost of living and the way things like healthcare premiums and deductibles and the occasional surprise ambulance bill and aging plumbing repairs eat into every scrap of security we might have expected at this point in our lives.

People keep trying to make this an individual problem. But it’s societal. We have been  hollowing out the middle class for a long time. At this point, we seem to be hollowing out almost everyone who isn’t flat-out rich.

That said, we’ve been surprised and delighted by many of the merit aid schools. Both our kids chose merit aid LACs over more prestigious full-price schools, and it’s been great. [/quote]

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