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Started By
Message
American middle class families must really not be saving any money.
Posted on 3/19/23 at 8:07 pm
Posted on 3/19/23 at 8:07 pm
Every middle class neighborhood is $350-$400K. Some places $500K. $2500-$3000 a month in Mortgage, PMI and Insurance.
SUVs they all drive are $65-85K. Another $300 a month insurance.
Kids sports crap a couple hundo a month.
Kids clothes and baby knick knacks (diapers, formula, etc.) are a couple hundred a month for two kids.
Groceries are inflating.
Nobody must he saving for retirement. A plant operator if he lives at the plant might make $130K.
Not really understanding how the jimmy and joes are making it out here.
SUVs they all drive are $65-85K. Another $300 a month insurance.
Kids sports crap a couple hundo a month.
Kids clothes and baby knick knacks (diapers, formula, etc.) are a couple hundred a month for two kids.
Groceries are inflating.
Nobody must he saving for retirement. A plant operator if he lives at the plant might make $130K.
Not really understanding how the jimmy and joes are making it out here.
58
Posted on 3/19/23 at 8:08 pm to DiamondDog
quote:
Not really understanding how the jimmy and joes are making it out here.
Retirement and credit are gigantic bubbles that the Fedgov can't let collapse.
Posted on 3/19/23 at 8:09 pm to DiamondDog
quote:that’s basically lower middle class now
Every middle class neighborhood is $350-$400K.
Posted on 3/19/23 at 8:09 pm to DiamondDog
They should start looting the stores in their communities.
Posted on 3/19/23 at 8:10 pm to DiamondDog
quote:
Kids sports crap a couple hundo a month.
It's an investment. Braxxtyn will make a ton of money in the majors.
Posted on 3/19/23 at 8:10 pm to DiamondDog
quote:
Another $300 a month insurance.
Damn my insurance on 2 cars is $450 every quarter.
Posted on 3/19/23 at 8:11 pm to DiamondDog
Errybody gets pensions when they retire.
No, wait.
No they don't. That all got cut out, except government employees.
Their parents got pensions, not the people working today
No, wait.
No they don't. That all got cut out, except government employees.
Their parents got pensions, not the people working today
Posted on 3/19/23 at 8:12 pm to SingleMalt1973
quote:
Damn my insurance on 2 cars is $450 every quarter.
My two vehicles plus umbrella are $440 a month in good ole loosyana.
Posted on 3/19/23 at 8:14 pm to DiamondDog
A lot of those people have two incomes so it’s probably closer to 200k if they have those things.
Posted on 3/19/23 at 8:15 pm to East Coast Band
quote:
No, wait. No they don't. That all got cut out, except government employees. Their parents got pensions, not the people working today
Guy I work with is retiring at 67 and says he feels like he's late. I told him that's going to be my generations norm. And then we're dead.
Posted on 3/19/23 at 8:15 pm to DiamondDog
Can’t save for retirement if you don’t have a job
Posted on 3/19/23 at 8:16 pm to DiamondDog
You do you. Don’t worry about anyone else’s business.
Posted on 3/19/23 at 8:17 pm to DiamondDog
My wife and I both earn 6 figure salaries. Between daycare, each having a car note, student loans, rising costs of groceries, contributing to savings for ourselves and children, we don’t have much left over.
We bought a house in 2020, prices were rock bottom, interest rate 2.8%. Could probably swing a house that is 300k+ but we wouldn’t be taking any big vacations. Not sure how 300-350k houses are still flying off the market and people still taking vacations, because I know we aren’t poor and it would be tough for us to do
ETA: I’m guessing a lot of folks haven’t been paying student loans with the pause and will be fricked when they kick back in. I’ve been paying every month so I didn’t get a false sense of security
We bought a house in 2020, prices were rock bottom, interest rate 2.8%. Could probably swing a house that is 300k+ but we wouldn’t be taking any big vacations. Not sure how 300-350k houses are still flying off the market and people still taking vacations, because I know we aren’t poor and it would be tough for us to do
ETA: I’m guessing a lot of folks haven’t been paying student loans with the pause and will be fricked when they kick back in. I’ve been paying every month so I didn’t get a false sense of security
This post was edited on 3/19/23 at 8:22 pm
Posted on 3/19/23 at 8:18 pm to SingleMalt1973
quote:
Damn my insurance on 2 cars is $450 every quarter.
You dont live in louisiana
Posted on 3/19/23 at 8:19 pm to DiamondDog
Stop watching the exceptions. Due to people pointing this out, I started taking an inventory while jogging through these neighborhoods. Very few are driving these new cars. Most people I see are living less exotic than we make it out around here.
Posted on 3/19/23 at 8:20 pm to DiamondDog
Everything you said was right, except a plant operator living at the plant is close to $200k
Posted on 3/19/23 at 8:21 pm to Cosmo
The great American savior - kredik cards..
Posted on 3/19/23 at 8:22 pm to DiamondDog
Skoal prices are soaring
Posted on 3/19/23 at 8:22 pm to Cosmo
quote:
You dont live in louisiana
Who runs the insurance racket down there?
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