General Discussion
In reply to the discussion: Why are you so *angry*, Manny? [View all]hfojvt
(37,573 posts)are just scraping by.
Unless they are doing it like my brother. My brother and his wife make enough money to be in the top 25%, as far as I know, but he says he is underwater - spending more than he makes every month.
But is that because he does not make enough money, or because his family decides to spend too much? He bought each of his kids a nicer car than the one I own. They also had two year scholarships (to a low budget college) but turned them down to spend more money and join fraternities. Buying a house some six years ago, he probably spent $60,000 more than he needed to.
If he is just scraping by, it is not so much because of the 1% as it is about his own consumption choices.
Not sure how true that is of others though. Myself I am doing fairly well money wise, at least $32,000 is enough for me. The trouble is that I hate my job. So I am looking forward to retiring in 3 years, 4 months and 20 days, and then trying to scrape by on $400 a month. Or hopefully a little more than that. I need to get a report from my pension fund.