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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][b]People also don't seem to realize their expenses are greater than they were[/b] for a middle class family in the past. Master bedrooms were only large enough to fit a larger bed, kids shared rooms, houses had 1 or two bathrooms, furniture did not all match, children only did one expensive activity if at all, kids paid for colleges and weddings, people drove cars for 15 years, a family only had one phone. In our suburban neighborhood people are tearing down the middle class homes of the 40's to the 70's mostly because the homes are now too small for their family.[/quote] People's expenses are greater because they are choosing for them to be greater. There is nothing wrong with the houses we grew up in during the 70s. You don't "need" more space. You "want" more space.[/quote] Yeah exactly. It is hard to have anything leftover after you choose to pay for the insane amount of activities for your kids, iPhones for the entire family, separate bedrooms for kids, etc. None of this is necessary. [/quote] 7:06 again. Yes, this is my point. This is why the $200-$300k families are crying "middle class only" because in reality they can save more, but would rather spend it on other things.[/quote] This doesn't make any sense. I thought the point of this thread was that if you make $200-300K a year you are not middle class, no matter what you spend it on or how much you save? [/quote]
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