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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I think previous posters nailed it on why people at 300-350k feel middle class. T hey are spending most of their money on things that will reap benefits in the future.  Childcare for the second income that later won’t require childcare, a mortgage that will pay off a home here, college savings so their kids don’t have any loans, and a large retirement fund that won’t need to pay for a mortgage or childcare.

So right now they feel very average and middle class.  But later on they won’t. [/quote]

I don’t know, I think it’s also a case of lifestyle creep.  There’s no reason you can’t save AND live decently in the present on that income.  [/quote]

Lifestyle creep my foot. This is what $300K gets you in San Francisco.

[url]https://www.msn.com/en-us/money/realestate/photos-show-the-dramatic-difference-between-an-dollar800k-home-in-texas-and-san-francisco/ar-BBV9RGN?ocid=spartanntp#image=BBV9RGN_1|1[/url]
[/quote]

Yup Seattle, Portland, most of CA, Denver, Austin, Boston, NYC, DC

300k outside of those areas is plenty in those areas because of real estate prices it's a much different story[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics