Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous]Almost all of you are still missing the fact that 95% of the country doesn’t have the luxury of maxing out their 401k, saving for kids’ college, living in one of the most desirable cities to live in, paying for premium childcare and/or private schools for DCs, and on top of that still being able to afford relatively new cars and vacations. (Because today those ARE major luxuries) in no country except maybe Luxembourg is your HHI “middle-class”.

But go ahead and keep keep whining about how you’re middle-class on a 300k HHI, then when you’re surprised when people keep getting elected who want to “drain the swamp” that you live in/off of.  or one the other end of the spectrum someone who wants to tax the poo-poo out of you; come back and read about how you think you’re the same as people in fly-over country who are making the ACTUAL median wage.[/quote]

I don’t think anyone is missing that they are living in an expensive city, saving for retirement, and saving for kids college. It is just the scale of these things and the others you listed is so different in a HCOL city than a small Midwest town. If you read any of the financial articles or watch it on tv they are saying we should all be saving money for our emergency fund, 15% for retirement, and some for kids schooling. We are doing all that and yet the money still doesn’t feel like enough. Is it actually enough? Of course.[/quote]

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