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Originally Posted by GPK
None that I know about.
I am in contact on a daily basis with people like this and many that are worse off than that.
How many of these people you see every day are working a 2nd job?
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And i didnt mean to call you out by asking about kids and im sorry if it came out that way becausee it wasnt my intention.
There are plenty of middle class i see working two full time jobs right now to make ends meet and they still can't do it.
There was a couple that just came to our bank the other day. Perfect example. Both teachers making combined 110k a year. Two young children. Only debt is their cars. They wanted to buy a house in the outer reaches. a modest four bedroom with about 2500 square feet. Totally middle class neighborhood and the house was about 500k. So lets do the math.
Gross income 9k per month
Car payments= 600 per month.
student loans= 300 per month.
mortgage payment=3500 per month
Credit card debt= zero
lets do the math here GPK. 9k gross means they are taking home about 6000 per month. Debts equal 4500 per month. Now add utitlies, phone, insurance, food, gas, etc.
This is the middle class in our area. What is wrong with this picture?