re: 51% of 30 year olds make more than their parents did at 30;down from 92% in 1970

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People have a crazy belief that you just have buckets of cash. I'm in a 300k house, have a 33k and 24k car, pay daycare, 401k, insurance, and a hefty student loan bill. I'm not living extravagantly at all and maybe save 1200 a month (and not always). Now I admit bonuses have gone down and we'll make more like 180k combined this year, but we aren't by any means rich or "upper class" . I could maybe afford a 400k house or a luxury name brand vehicle, but itshe not like I have buckets of cash to do so.

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So you'll be in like the top 3% of earners instead of the top 2% this year?

Nobody told you to buy that $300,000 house.