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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][quote=Anonymous]Have we mentioned yet that they save 50k per year off the bat? And yes, they stretched to far on housing once you consider PITI.[/quote] And they're also paying $53,000/year for preschool plus childcare. Hey, here's a new rule . . . when your childcare expenses nearly equal the medial *salary* for the country, you ain't middle class. It is appalling that (i) this has to be said, and (ii) some dimwits will disagree with it. [/quote] How much is childcare for middle class?[/quote] Say $100,000 is solidly middle class. Assume, after taxes (but not including health care and retirement savings, they take home $80,000. $53,000 in childcare is more that 66% of their take-home. It's less than that. [/quote]
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