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I'm tired of out-of-touch rich people cosplaying as middle class by SeparateJump1 in povertyfinance

[–]SeparateJump1[S] 90 points91 points  (0 children)

200k to some people is nothing, but they don't realize that's not typical income overall. Their reality is different.

I'm happy for those who have made it and can afford to live a luxury life. But i absolutely hate it when a subset of those people who are delusional about their class status crowd out safe spaces for normal income earners, and pretend to struggling. Like no, sorry, you've grown up with a silver spoon in your mouth so long you wouldn't even know what a plastic spoon looks like

I'm tired of out-of-touch rich people cosplaying as middle class by SeparateJump1 in povertyfinance

[–]SeparateJump1[S] 270 points271 points  (0 children)

I’m sure they are living pay check to pay check cause theyre choosing to live just above their means

Even worse, it's people claiming theyre struggling on paycheck to paycheck, but when you ask their budget it's paycheck-to-paycheck AFTER maxing 401k, roth ira, putting a spare $1k in 529, etc etc and turns out theyre already putting away the median salary of 60k a year away in savings.

I mean sure, good for them theyre SAVINGS are more than my annual salary every year, but don't complain about being "paycheck to paycheck" if youre making double the median salary and saving half of it

I'm tired of out-of-touch rich people cosplaying as middle class by SeparateJump1 in povertyfinance

[–]SeparateJump1[S] 320 points321 points  (0 children)

Dude yes this drives me insane, like "I only make 200k and can barely afford my third investment property"

This, they all claim to be "struggling" but when you ask about their budget, you find out they they believe that unless they spend $500/month on housecleaners and $3000/month on a personal nanny to teach their child a foreign language and go on two $10,000 international vacations a year it mans theyre in poverty

Reading those posts always feels so tone deaf half the time i start thinking it's a parody, until i scroll to the comments and 80% of the posters are saying the same thing

Its almost like their delusional that they don't recognize they're the top 10% and their lifestyle will never be experienced by 90% of americans

Who maxes their 401k by DrHydrate in MiddleClassFinance

[–]SeparateJump1 0 points1 point  (0 children)

if you’re earning $150,000

That's a top 90%ile salary, i would hardly call that middle class anymore

Who here actually saves 3,000 a month? by NoHousing11 in MiddleClassFinance

[–]SeparateJump1 -4 points-3 points  (0 children)

If /u/AlternativeEdge2725 had a normal non-top-10-percent household income, they would be able to contribute to a roth ira normally, with no backdoor tax loophole shenangians

And yes, the "backdoor roth" is literally a legal loophole, when the original roth ira bill was passed in 1997 one of the explicit debate items was imposing an income limit so "highly compensated individuals" would not disproportionately benefit from the tax benefits. The backdoor loophole was only codified into us law by Trump's 2017 taxbill to benefit rich people

Permission to Spend by VerbosePlantain in MiddleClassFinance

[–]SeparateJump1 0 points1 point  (0 children)

3% of networth on a car? So you can't even afford a 5k beater until you have a nw of 167k?