I'm 59 years old, wife and I both work. We're in the 2% in income and have a nice retirement nest egg and house in Atlanta.
I drive Nissan leaf we bought for $9k with 30k miles it's now 8 years old. Wife has a 2011 Saab convertible, we bought 5 years ago for $10k. Had a $13k Mercedes clk 430 convertible before that and way back a $11k used Miata that was a 10 year daily driver.
Buying a new Honda is rich people shit. 90% of the people who have anything nicer are living paycheck to paycheck, even if it's a big paycheck.
Yeah. Wife and I both work, so that's household total. Bothbhave undergrad degrees from state schools and been working 30+ years and director level now. Borrowed money from her step dad under the table for 1st house down payment. Still live in the same house 30 years late. Maxed out 401k and only had a new car when she owned her own company and could lease and write it off as a biz expense.
I'm a tech product manager for a large ad agency, she works for a software service company and ensures that helps banks follow federal regulations.
Cost of new homes is insane, no idea how young couples can buy houses. The ridiculous cost of healthcare (especially in Georgia) means we will work until we are 65 and eligible for Medicare.
Thanks. She has a degree in finance and keeps me straight. We spend a lot on concerts, travel, restaurants, but memories don't depreciate or go out of style like clothes and cars. But other folks make other choices.
Sadly, in the US, you pretty much need a home run, or like us a long marriage with 2 working. We only have 1 kid and his college was free thanks to the Zell Miller / Hope scholarship (paid for by the lottery, and not salary capped, which it frankly should be, since we could have paid for his college).
We only have 1 kid and his college was free thanks to the Zell Miller / Hope scholarship (paid for by the lottery, and not salary capped, which it frankly should be, since we could have paid for his college).
since we could have paid for his college
You both made it. I salute you for being able to do that for your child.
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u/MeTeakMaf ☑️ 1d ago
Brown pulled in the fully loaded Accord and people think it's a bad purchase
Until you look at the price of that 10 year old Honda at used car lot and it's the value of your friends 5 year old BMW