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View Diary: Making it work on $250k/yr (90 comments)

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  •  Okay, we earn that kind of money (2+ / 0-)
    Recommended by:
    mdmslle, semiot

    And I live in an expensive part of the country.

    And I would never suggest that we are middle class.  That kind of talk is just silly.  We might live in a middle-class looking house (here's one similar to mine) but it costs a bunch because the school district isn't falling apart and the city still has the funds to fix streets and keep the library open every day.  There are cheaper places to live, and the lack of services shows there.  The lack of money in those neighborhoods will show too, with the cars that won't start and the paint that peels and the lawn that's dead, or cemented over.

    I may not live in the land of private jets and endless dividends, but I won't think for a minute that this makes me middle class.  Anyone in this position who does is rather out of touch with how most Americans live.  And I think the problem is people living like me comparing themselves to how things were 40 years ago... when people who lived like I do now... were middle class.

    The entire bottom 99%, or even 99.9% have lost ground, but that does not make the top 5% middle class.  And I think it's incredibly insulting to those trying to make it on $20-$40K a year to claim your life has much in common with theirs.  For one thing, people earning $20-40K a year, unless they had a bad fall from higher income, don't have large college funds for their kids or retirement accounts for themselves.  Taking those monthly savings out of your income and claiming you no longer have it isn't reasonable.  You still have it.  You choose to save it in tax-deferred accounts.  If you had an emergency you could use them (even with the tax hit).

    Now try to imagine not having them and having the same emergency.

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