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

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I think you can't include someone with a 500k income to someone with a 200k income. Just as you can't compare 200k with 30k

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Basic principles of statistics disagrees.

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The higher you get the larger the range. Until you get to upper. There is a small portion (1%ish) that is truly in a class that has much more wealth than the rest. And I just don't think you can put a family making 200k in the same class as Donald Trump or Warren Buffet.

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so $500k isn't upper? $1 mil/year?

because you can't compare that to Trump either

the differences between lower, middle and upper are not the lifestyles or the extravagance of the things they own, its the ability to be able to afford basic needs

lower class struggle to afford for basic needs, like utilities, healthcare, food, gas, etc

middle struggle to save enough for retirement, college, healthcare, etc

upper shouldn't struggle to pay for any of these

if you struggle to pay for any of these at $200k, you just suck at managing money

Dude in the state of TX, filling Married 0 your net take home for the year is 149K and some change...

Thats 12,416 dollars a month.

In North Dallas as 300k home will roughly cost you 2k if you take PMI and factor in property taxes.

Car Note totals shouldnt exceed 850 a month at those prices if you negotiated properly.

My health insurance is frickin 120 a month (Fortune 500 company) 300 for a family.

Lets say other expense outside of a student loan will be 1500 (im being crazy there). That leaves you 7500 a month at your disposal to do things with an allocate. Even if you pay 1k a month on your SLoan, YOU HAVE 6K LEFT OVER????

WHAT ARE YOU DOING WITH YOUR MONEY????