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

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]How about the undergraduate and graduate school debt of anyone making $350/year, or those with more than 2 kids, and with unpaid FMLA leave for maternity leave.

This is not accurate.  It is much harder for DH and me to make ends meet than this article appears to state and we have NO room for college savings when our 3 little ones grow up.  And, daycare is NOT sufficient.  In order for us to make $370k/year in our legal jobs, we have a nanny EVERY day that picks up our little ones from daycare and we need to go out to eat a lot more often because we do not have time.  Our weekends are often at work so we need nannies then too.

Almost every day I understand why women quit their jobs to raise kids and we still are not equal -- D[b]H and I would save about $5/day if I were to quit[/b], even though our income would HALVE.  Think about it.[/quote]

You have full time nannies for weekdays AND weekends, and go out to eat "a lot" for $5/day?  Somehow this math seems off.[/quote]

You sure aren’t paying your nanny much.[/quote]

I don't get why people expect to have 2 high powered careers and kids.  It's not possible

On a more positive note it sucks that college loan payments and daycare and mortgage payments all generally happen at the same time but again some of this is by choice.  Consider a smaller house or less kids.  On the flip your income will just grow over time and expense will drop considerably after college loans and they are out of daycare.  Housing costs and private school costs are both choices

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My parents keep asking my sister when she’s going to have kids and she says once they've finished paying off student loans and saved for a house.  Smart on one hand but they’re already 36 and 37 and still have a few years to go.[/quote]

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