Yahoo links to this story today. It describes a family of five in Tennessee grossing $260,000 per annum.
They have a 2,500 sq. ft. home, pay $4,000 a month on mortgage, second mortgage and investment property, drive an Infiiniti, vacation in Florida every year, and after taxes, 401K's, utilities, insurance premiums, food bills and whatnot, they still tithe $1,300 monthly, and have $1,200 of disposable income.
They regard themselves as "just good old middle-class". The wife says, "I'm not going without, but I'm not living a life of luxury." This in a town where (according to Wiki) the median household income is $30,623.
The article also mentions a California family in gh's neighborhood (Silicon Valley) with a $400,000 income that is "barely getting by".
Now, I live in a very , very high rent town, my household income is way less than anyone quoted in the article and I consider myself middle-class. Who is delusional here, me or them?
http://finance.yahoo.com/retirement/art ... -Otherwise
They have a 2,500 sq. ft. home, pay $4,000 a month on mortgage, second mortgage and investment property, drive an Infiiniti, vacation in Florida every year, and after taxes, 401K's, utilities, insurance premiums, food bills and whatnot, they still tithe $1,300 monthly, and have $1,200 of disposable income.
They regard themselves as "just good old middle-class". The wife says, "I'm not going without, but I'm not living a life of luxury." This in a town where (according to Wiki) the median household income is $30,623.
The article also mentions a California family in gh's neighborhood (Silicon Valley) with a $400,000 income that is "barely getting by".
Now, I live in a very , very high rent town, my household income is way less than anyone quoted in the article and I consider myself middle-class. Who is delusional here, me or them?
http://finance.yahoo.com/retirement/art ... -Otherwise
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