As one of these middle class fucks I don’t know how to refer to myself. I’m supporting myself and a dependent adult on barely six figures a year (plus some disability money).
I know I have it way fucking better than folks working in a warehouse or migrant agricultural workers so I don’t want to falsely describe myself as lower class when I’ve clearly got it better… but I’m also being fucking squeezed and each month I eat into my savings. I will say that I am not carrying debt because I aggressively saved early in my career but I am slowly whittling down what should be my retirement savings.
Towards the end, Medicare/medicaid/whatever takes the house too if you don’t plan ahead, and no doubt they’ll close the “loopholes” for planning ahead too.
As one of these middle class fucks I don’t know how to refer to myself. I’m supporting myself and a dependent adult on barely six figures a year (plus some disability money).
I know I have it way fucking better than folks working in a warehouse or migrant agricultural workers so I don’t want to falsely describe myself as lower class when I’ve clearly got it better… but I’m also being fucking squeezed and each month I eat into my savings. I will say that I am not carrying debt because I aggressively saved early in my career but I am slowly whittling down what should be my retirement savings.
So, what the fuck am I?
Scrapping by
People focus on income, income ain’t the whole picture, it’s wealth that’s important.
It used to be owning a home built wealth passively, as you lived and paid your mortgage, you gained equity.
If people cant afford to buy a home, it’s almost impossible to build wealth. You just flush more money away on rent as you earn more money.
It’s what happens when they charge as much as people can pay for something we all need.
Towards the end, Medicare/medicaid/whatever takes the house too if you don’t plan ahead, and no doubt they’ll close the “loopholes” for planning ahead too.
Look up filial laws that states are passing. There will be no great transfer of wealth except from boomers to corporations.
Fucked.
If you are struggling and you are not living above your means then you are not middle class you are lower class.