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Comment by pc86 | Hacker News Reader

Outside of SV and NYC, $150k is more than enough for a single-income family of four to have a solidly upper-middle class lifestyle.

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Not, really, if saving for retirement is factored in. Most people aren't saving at all, which is how they manage to maintain that upper middle class lifestyle on what has becoming the equivalent of a formerly lower middle class salary.

It's true. I make in that neighborhood, and I can't even save for a house, much less retirement. Maybe my kids will support me when I'm old.

What makes you think they will be able to afford to, if you couldn't?

If you really feel that you are living beyond your long term means, you should act: you can make more changes now than you will be able to later, and as hard as it can be to accept - this problem isn't going to solve itself.

Thanks, I hadn't thought of that.

Where do you live?

Austin

How can you not save for retirement with 150k outside of those places? Are you assuming everyone is getting a Lamborghini or something?

I'm not assuming anything, except that you don't know the costs involved in supporting 4 people, while raising and paying for the education of two children, and while putting together the few millions of dollars it takes to live, pay for medical bills and assisted living for a decade or three after you can no longer work.

So true. Alone its a good salary with retirement needs not so much.

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