Who else stuck in middle class here?

>making your wife work

literally the mark of failure for a man.

No.

Sure? Unrelated to my point tho.

pewresearch.org/fact-tank/2016/05/11/are-you-in-the-american-middle-class/

A 45k single income is objectively middle class on a national scale.

Time to kill yourself.

Seems odd to me. Wife and I make around 130k a year combined and it feels like middle class to me. Don't even live in a big city.

You're probably just shit with your money then.

Meh. The kids are what's killing us (probably). Kids are insanely expensive. College funds and daycare are over 1500 a month alone. Medical stuff on top of that. Toys/playset on top of that. But yeah we could be better about our money.

Quit.

that's the thing. In about 20 years I will likely own the business and make around 100k a year. It's a family business.

The problem is I'm 25 and need to have kids soon and my own house.

Of course he is, he got married and had kids in 2016 after all.

why is the common parlance "9 to 5" when every job is 8 to 5 with an hour lunch?

>College funds
kek

take me into your world bro

>The problem is I'm 25 and need to have kids soon and my own house.

Says who? That's your problem.

Start with a solid monthly budget. After that leave the rat race and other peoples expectations behind. I work 30 hours a week and have more money than all of my peers. A lot of them make three times what my wife and I make and we're a hell of a lot happier.

I ask this in every fucking thread

I think that's only for real careers
Otherwise you have 15 min. to shove food in your mouth in the service industry

45k per HOUSEHOLD. i think a single person living in a bachelor apartment is considered a household as well.

Modern """"women"""" are whores anyway, you're a cuck if you treat her like some pure angel

In my town median household income is 45k and median family income is like 55k

Wtf I used to make 40k a year

>~80% take home pay assuming no retirement contribution
>now you have 32k/year to work with since its already been taxed
>1k/mo rent leaves 20k to feed, cloth, and get you to work

>no retirement contribution

Wew

Take your retirement contribution out of that 20k left over if you want 10% then make it 16k left to feed, cloth, and get you to work.

Also 1k a mo for rent is high as hell if you only make 40k.

Americans actually do this

If your kid can't get a scholarship don't even bother

Max your 401k contributions. Then spend any extra money on stocks.

Done.

Unrelated question

Is 130k per year worth 60 hours of soul crushing and stressful work?

>literally all college programs are around this time
what? you mean have that 9-5 schedule?

so you each make 65k per year. I would consider 60k/yr to be the dead middle of the middle class, no matter what the AVERAGE income is.

yes for a few years until you get used to it or you are rich enough to fuck off and do whatever you want

actually yeah, it might be a better idea to actually cultivate your kid and spend time with them so that they will "perform well" in school and can likely get a scholarship rather than just throwing money at them after ignoring them the whole time and hoping they succeed.

just thought that was a good point

That doesn't change the fact that she costs money. 45k as an individual is all yours, when you add a wife and kids it's less.

for one year. then use your money cushion to pay off debt and pad you for a while while you pursue your dreams and develop a healthy and active lifestyle. play a sport. go see the latest blockbuster films with your friends. date around and develop abundance with women. work out and repair your health from back when you were working 12 hour days.

i would suggest that you basically not trade your actual life for money for too long. don't get caught in the trap of doing that for the next 5 years of your life...
...and come out on the other side with zero social life, zero sex life, miserable health, and feeling like you sold out/sold your soul if you know that you were only doing it for the money.

The fed tax rate for 40k is 25%, not 20%, plus another 5% for social security, plus most states have a 5% income tax, and there's another 2% to cover bullshit medicare programs. Even with nothing into retirement, takehome pay is down to 63% for most. 68% for the lucky ones.

And that's before the now legally-mandatory health insurance, which bites a solid 3% away from a 45k salary.

Thats not how progressive taxes work dumbass

When you reach a new bracket they dont retroactively take more from the money you already earned

I love how you completely ignored the standard deduction too

You are all insane. Middle class is mid-six-figures and up.

Most US people think they're middle class while they're actually working class and they hate "working class people" when they actually mean that they hate the lumpenproletariat.

Upper class is when you live off of capital income. Period.

>Marxist """"economics""""

The sad part is, most US people wouldn't be able to make that rebuttal because they don't even know it when they see it.

And Marxist analysis is useful and relevant even though we don't live in the age of sweatshop factories and captains of industry.

Just look at the GNU movement for one successful application of the concepts.

Why the fuck are you paying for your kids college. They should either get a scholarship or pay for it themselves. I'm not gonna pay for my kids post-secondary. I'd be throwing away expensive toys I could potentially have instead or better investment opportunities.

This isn't the 50-70s anymore. We can't be on our own and own everything our parents had at the same age with the same simplicity.

Same here. I have 4 kids and each of them has $10k in an investment account that's been growing interest for a couple years managed by my wife's dad. But that's it. I'll buy them reliable cars when they're ready to drive but that's the limit. Not paying for college when scholarships can make it free.

>105k a year
>In Boston

Fucking kill me now.

> stuck making 30k€ a year before tax
> 18k€ after tax
> house cost 300k€
> appartment of 12m2 costs 100k€
> tfw I earn much above average for my age

fug

idk i work 7am-3:30pm and have two 10 minute breaks and a half an hour lunch break. it's ok