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That's certainly middle class lifestyle in many states in the US if you have a family with kids and have never had a windfall from parents, inheritance, startup
by gedy 5y ago
That's certainly middle class lifestyle in many states in the US if you have a family with kids and have never had a windfall from parents, inheritance, startup luck, etc. Trying to figure out retirement on top of that is a challenge.
- gbear605 5y agoThat’s not middle class, it’s in the top 5% of US families.
- gedy 5y agoI'm not talking middle percentages above, especially when you factor in that you are classified as somehow wealthy and don't get breaks for college expenses, retirement savings, etc.
- xcskier56 5y agoEarning > $300k when married filling jointly is very much not a middle class income & lifestyle. I certainly won’t disagree that figuring out money and retirement at that income level is hard, but 95% of America has it harder. So I’ll say that then saying this impacts the middle class is disingenuous at best. On top of that, private placements usually require bare minimum investments of $50k and realistically $100k min investment is not uncommon. If you have that sort of cash to put into higher risk deals, middle class you are not.