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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Fact is the middle class lifestyle of yesteryear has become much more expensive. Back in the 70s and 80s a family could buy a decent house in a good school district, have a couple cars and send their kids to nearly-free public colleges on one middle class salary. To replicate that same basic former middle class lifestyle will literally cost millions in the DMV today.[/quote] False. People now think they need large SFH designed by Joanna Gaines, a new Suburban, and family trips to Europe to be middle class. That wasn’t the middle class a generation ago. [/quote] Please get your facts straight. We paid over $1M for an unrenovated 3BR shack just so our kids could go to decent public school (not all that great even), drive a corolla and CRV that are 10 and 18 years old, and save just enough in 529s so that our kids won't totally drown in student loans when they go to in-state public college. Nothing but camping vacations or drive to western FL for maybe a week. How again does that not pretty much match what a MC family on one salary could have afforded in the 70s or 80s?![/quote] I agree that’s middle class. Where does it conflict with what I said?[/quote]
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