Reply to S/O what do you consider “haves”

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Does this sound about right?

Have nothing - low income 
Have not - LMC/MC
Have - UMC 
Have More - Top 1%
Have All - Trust fund baby. Never has to work.[/quote]

I don't get why people bother to make gradations like this on here.

If you're not in the top two, who cares? You're not even in the game.[/quote]

NP.  The point is the exact opposite - so long as you're not a 'have nothing' or a 'have not', you are 'in the game' - you're not starting out completely in the hole and you have a chance at staying out of the hole. The real difference between being a have and a have not isn't taking your kids to Machu Picchu, it's having a comfortable roof over your head, family healthily fed, health insurance, able to support some education opportunities for your kids, and saving up something for retirement.  It's not staying up every night worrying about your rickety car breaking down or an unexpected utility assessment, knowing that you can handle a $500 or $1000 emergency without your life falling completely to pieces.   It's stability (or the ability to financially mitigate personal instability, if need be).

I would put MC and [i]maybe[/i] even some LMC in the category of 'have something.'  I grew up MC, and very, very well understand the breaks that I got - braces, family members willing and able to drive me to the library and activities, music lessons, parents' ability to pay for some college (ended up with a full scholarship, so education money went to grad school).  My parents couldn't have afforded trips to Machu Picchu (indeed, I didn't go out of the country until late high school), but that's totally ok - I had the ability to fund that once I got going on my own, because I didn't start out in the hole.

I grew up with a lot of poorer friends who didn't get most of those breaks, and my life was a lot easier.  I'd be a complete fool if I didn't realize this.  Of course some people have (a lot) more than what I grew up with, but I had enough to give me a decent shot at success.  If your kids have something similar (or more!), then hopefully they understand what a great deal they have.  If your kids don't understand this, then that's probably a more important lesson to focus on than whatever  they might learn going to Machu Picchu or Aspen or wherever the spring break trip du jour is.[/quote]

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