re: American middle class families must really not be saving any money.

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As mentioned in many other posts, their retired parents now have a different mindset. Most likely they were given a nice inheritance from their parents, but wished they could have had that money when they truly needed it while raising a family. They now want to see their children enjoy part of their inheritance while they are still alive to see their kids reap the benefits. I had a 180-200 grand job living in a $280 grand house with a wife and a couple kids. I maxed in my 401K but it was hard to make investments outside of that. I had many life events that challenged us and put us into debt, but fortunately we overcame that and are now running a highly successful business. When I had the previous job we looked to upgrade to a larger house but that was shut down when we considered the higher note and utilities. I was in the top 5 percent of American earners but knew we would struggle with a $600 grand house. So how in the hell are so many families doing it? It must be either debt or passed down wealth.

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