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][quote=Anonymous]A fool and his money is soon parted. :lol:  :lol:

Yes, some people can earn 350K, but how many people can keep and grow it?

350K is UMC for savvy people and wealthy for savvy and frugal people.  It is MC for someone who had unexpected catastrophe (illness, hurricanes, special needs)  [b]or someone who is incredibly incompetent in money management. [/b]

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Do you consider [b]having children[/b] and [b]requiring legal on the books childcare[/b] to be incompetence?  [b]What about the $1,200 a month you’re supposed to save per kid for college[/b]?  Or federal taxes?  Do all of these things scream incompetence to you?

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MC and LC cannot afford all of these things. UMC means having kids and being able to afford legal, quality childcare.  1,200 a month for college per child is not what college costs.  Most people will look at state college with 10K tuition/per year and expect their kids to work and also save for college. These are not poor kids, these are solidly MC kids.  You are saving a quarter million per child for education? Dude - you are solidly UMC or UC.  No one saves 50k a year for college. Most people are lucky to earn that much.

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