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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]You should be saving that much a year though! [b]If you have more than one kid and you want them to attend an elite private school [/b](I know you'll pooh pooh this but come one, admit this is the secret dream of ALL middle class and upper class folk), you need to somehow produce over 300k dollars for each one in 18 years. Plus pay your mortgage, pay off your own student loans, and save for retirement.[/quote] This has never been a middle class indicator. Middle class goes to state schools. [/quote] Not true. Getting into an elite institution used to be a path to social mobility and lots of middle class kids took that opportunity, myself included. Now it's too expensive.[/quote]
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