middle class, 2 car garage house, married bro with 2-3 kids, big family vacation once or twice a year.
the homer simpson lifestyle
Is the american dream dead?
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Pretty easy to do that in the midwest / texas / southeast.
$300-400k house, combined income $150-200k at two relatively chill jobs.Median household income in TX is 62k.
And even ignoring that, let's say that you each get 100k. Net income is ~140, after federal and TX property tax.
An average new car is 50k. Average. So two good cars is 100k after we take the trade in value. Let's divide it into 4 years - when you take into account interest, we are talking ~30k a year. So we are down to 110k
Mortgage is going to be ~3k a month. So around 35k a year. We are down to 75k.
Say that you save 10% for your 401k. Down to 55k.
Let's bump it to 60k just to make the math easier. We are at 60k. Brookings estimated the cost of raising a child to be around ~20k a year.
So we are pretty much done. No food, medical expenses, leisure, clothing, home renovations for the adults. And this is without the one or two yearly trips.
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Pretty easy to do that in the midwest / texas / southeast.
$300-400k house, combined income $150-200k at two relatively chill jobs.Median household income in TX is 62k.
And even ignoring that, let's say that you each get 100k. Net income is ~140, after federal and TX property tax.
An average new car is 50k. Average. So two good cars is 100k after we take the trade in value. Let's divide it into 4 years - when you take into account interest, we are talking ~30k a year. So we are down to 110k
Mortgage is going to be ~3k a month. So around 35k a year. We are down to 75k.
Say that you save 10% for your 401k. Down to 55k.
Let's bump it to 60k just to make the math easier. We are at 60k. Brookings estimated the cost of raising a child to be around ~20k a year.
So we are pretty much done. No food, medical expenses, leisure, clothing, home renovations for the adults. And this is without the one or two yearly trips.Spend less on your cars, live in a cheaper house then. No one needs a new $50K car every four years. Every ten years is more reasonable.
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Pretty easy to do that in the midwest / texas / southeast.
$300-400k house, combined income $150-200k at two relatively chill jobs.Median household income in TX is 62k.
And even ignoring that, let's say that you each get 100k. Net income is ~140, after federal and TX property tax.
An average new car is 50k. Average. So two good cars is 100k after we take the trade in value. Let's divide it into 4 years - when you take into account interest, we are talking ~30k a year. So we are down to 110k
Mortgage is going to be ~3k a month. So around 35k a year. We are down to 75k.
Say that you save 10% for your 401k. Down to 55k.
Let's bump it to 60k just to make the math easier. We are at 60k. Brookings estimated the cost of raising a child to be around ~20k a year.
So we are pretty much done. No food, medical expenses, leisure, clothing, home renovations for the adults. And this is without the one or two yearly trips.Spend less on your cars, live in a cheaper house then. No one needs a new $50K car every four years. Every ten years is more reasonable.
That's the *average* car, we are not talking a lambo. Notice also that I'm not factoring in gas, repairs, scheduled maintenance, car insurance, etc. An upper middle class couple won't be spending much less than 30k with cars a year.
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That's the *average* car, we are not talking a lambo. Notice also that I'm not factoring in gas, repairs, scheduled maintenance, car insurance, etc. An upper middle class couple won't be spending much less than 30k with cars a year.
And once you start living a cheaper house, owning a cheaper car, is it really an upper middle class american dream life?
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That's the *average* car, we are not talking a lambo. Notice also that I'm not factoring in gas, repairs, scheduled maintenance, car insurance, etc. An upper middle class couple won't be spending much less than 30k with cars a year.
Non/sense. No need whatsoever to spend that much on cars. What a waste of money.
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That's the *average* car, we are not talking a lambo. Notice also that I'm not factoring in gas, repairs, scheduled maintenance, car insurance, etc. An upper middle class couple won't be spending much less than 30k with cars a year.
And once you start living a cheaper house, owning a cheaper car, is it really an upper middle class american dream life?
Homer Simpson is not UMC. That's never been the American Dream, Boris.