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re: Here's the budget breakdown of a couple that make $500K and still feel average
Posted on 1/29/24 at 11:16 am to slackster
Posted on 1/29/24 at 11:16 am to slackster
quote:
They’re not saving nearly enough to replace their presumed retirement spending.
Kinda true but also factor in that 33% of their yearly spend is directly caused by having young kids in the house.
Most people don’t really save at all. These people at least save about 50k per year.
1
Posted on 1/29/24 at 12:20 pm to JohnnyKilroy
quote:
Kinda true but also factor in that 33% of their yearly spend is directly caused by having young kids in the house.
Let's not forget the $45k on vacations, car payments, and charity giving.
Some of that 33% still seems excessive to me, but it's on their kids. $18k on vacations is fricking ridiculous, and practically proves that these people are oblivious to their situation if they feel "average". Average people aren't spending $18k on vacations.
This is the personification of "keeping up with the Joneses".
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