30 ms·
Yeah, increasing comp is a good idea, but I assume their comp has increased multiple times over the past decade and it's had zero effect on their saving. Somet
by lkbm 5y ago
Yeah, increasing comp is a good idea, but I assume their comp has increased multiple times over the past decade and it's had zero effect on their saving.
Something's causing a growth in spending exactly equal to the growth in income. Increasing income only helps if that function is addressed.
- scarface74 5y agoMaybe 3 kids?
- lkbm 5y agoYup, that addition explained a lot. With the further breakdown, the $1200/mo on childcare is low enough that I suspect this is a one-income household, in which case cutting back there may be possible, but I'm guessing that also causes most of the pain to fall on their partner.