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A comment on In America, Where You're Born Is Correlated With How Far You'll Go In Life. Parent comment

Re:In America, Where You're Born Is Correlated With How Far ... by mynewwork on Monday July 22, 2013 @02:08PM (#6085396)
You may be slightly out of touch if you think saving $700 a month is poor. Huge portions of America have no savings and live paycheck to paycheck. Many more have only a few hundred in savings total.

50% of Americans couldn't come up with $2,000 in an emergency (citation: http://money.cnn.com/2011/05/24/news/economy/americans_lack_...). Only 25% were "certain" they could come up with the funds.

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Re:In America, Where You're Born Is Correlated With How Far ... by reeses on Monday July 22, 2013 @10:09PM (#6087760)
Not being able to save $700/month or to come up with $2,000 in an emergency situation in the USA is poor, no matter how much useless crap you bought with the rest of your money.
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Re:In America, Where You're Born Is Correlated With How Far ... by rdouble on Monday July 22, 2013 @02:12PM (#6085427)
Perhaps it's not "poor" but I was questioning whether it is really considered "solidly middle class." If it is, I guess I am out of touch.
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Re:In America, Where You're Born Is Correlated With How Far ... by randomdata on Monday July 22, 2013 @05:55PM (#6086722)
Where would you place the middle class? While it might not seem abnormal around here, a $100K income puts you in the top 3-5% of earners.
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