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Reply to "Rich v Affluent"
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[quote=Anonymous][quote=Anonymous]The big differentiators are kids and debt...a couple with no kids, no student loan debt, that has a mostly paid-off mortgage is going to have a much better lifestyle on 200k than the couple with three kids, student loan debt, and a mortgage on 400k.[/quote] THIS THIS THIS. I make 180K; On that, I support a family of three. Money is not tight, but we are (by no means) rich or affluent. If I were single with my income, I would be affluent. Having a family is an expense -- food, car, insurance, travel...all adds up. Looking at my budget, I would have about 30K/year extra after tax if I was single. [/quote]
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