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Money and Finances
Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"
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[quote=Anonymous]Another thing I'd like to point out is that age matters. If you are 28 and looking to buy a first home you will probably be somewhat limited in what you can afford, even if you and your spouse have a generous HHI (say, 200k). If you buy something for $600k now and save for a few years you will likely have some equity and more assets and should be able to afford a $900k home on the same HHI. Part of this complaining is by millenials who don't appreciate how building wealth works.[/quote]
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