Well, it’s hard to put you in a class without knowing your income. But if you don’t have a good chunk at the end of the month, you’re not in that stable middle area.
That’s extremely fair, I guess my point is less a question of what precisely am I and more about the fact that as someone in the top 3% of earners if I’m not in the middle class who the fuck is - is it the .3%-1.5% slice? I know I personally have some awful extenuating circumstances, but the past half a decade have felt like a game you can’t win no matter how lucky you get. (I also might clarify that I am Canadian and our CoL is really high atm).
Oh for sure. It feels impossible. We had a retirement savings person come into my office and they were doing math based on today. Saying that by the time I’m ready I would have “This much” Money. But if we adjust for inflation in the future, based on inflation in the past, that amount would actually be worth about a third of what it is today. I can’t survive on that at all. With the prices of everything going up across the board, it feels like most of the people I know have a lot less spending power than they did when they were making even less than today. I guess I just missed that sweet-spot for retirement (the boomer).
No offense taken, certainly… that’s even true if I’m in the 97th percentile of earners (by age range) nationally?
Well, it’s hard to put you in a class without knowing your income. But if you don’t have a good chunk at the end of the month, you’re not in that stable middle area.
That’s extremely fair, I guess my point is less a question of what precisely am I and more about the fact that as someone in the top 3% of earners if I’m not in the middle class who the fuck is - is it the .3%-1.5% slice? I know I personally have some awful extenuating circumstances, but the past half a decade have felt like a game you can’t win no matter how lucky you get. (I also might clarify that I am Canadian and our CoL is really high atm).
Oh for sure. It feels impossible. We had a retirement savings person come into my office and they were doing math based on today. Saying that by the time I’m ready I would have “This much” Money. But if we adjust for inflation in the future, based on inflation in the past, that amount would actually be worth about a third of what it is today. I can’t survive on that at all. With the prices of everything going up across the board, it feels like most of the people I know have a lot less spending power than they did when they were making even less than today. I guess I just missed that sweet-spot for retirement (the boomer).
My retirement plan is a bullet. 🤷♂️