Equalizer, was that one of those statements like, “48 of 50 states are above the national average in high school education?”
By even the most generous of statements, median income for a family of 4 is 82k. A little more than half the 150k quoted.
Another interesting tidbit is how you allocate your money for that supposed middle class family. 20% to savings, are you joking? Almost nobody saves that much.
Fuel and car payment 400, in what decade? Most new cars are over 20k and everyone I know who has bought a car in the last few years has a higher car payment than that.
529 plan, is that something you added just to round things off? Again median income earners do not for the most part even fully fund their 401k let alone an IRA or 529.
Again, I think there are some VERY warped notion of what middle class really is and historically was.
Josh
