If your dad is Bill Gates, you’re probably not getting a Starbucks gift card for graduating college.
In 2018, Jennifer Gates walked off the Stanford stage and onto a 124-acre, $15.82 million horse farm in North Salem, New York. According to Architectural Digest, the lavish estate was a graduation gift from her billionaire parents—and came complete with rolling pastures, three parcels of land, and proximity to New York City for her future studies.
But in case that sounds too much like the plot of “Succession: Equestrian Edition,” Melinda Gates would like to remind everyone: their kids were absolutely raised “middle class.”
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That doesn’t sound right.
That’s because the term “middle class” without context doesn’t mean much.
My wife and I life in the Twin Cities metro in Minnesota and we meet the definition of middle class for this part of the country which ranges for our state from ~$55k to ~$150k if going based on income.
We have almost no retirement savings but we have tens of thousands in the bank, we have a mortgaged home, two cars 6 years or newer with one completely paid off, in the last 3 years we’ve had to replace our AC, furnace, water heater, water softener, stove, refrigerator, dishwasher and garage door. We have also chosen to replace our kitchen counter, front door and front walk/patio as well as add a fence and dog door. All of this we paid for up front in cash.
We carry no debt outside of my student loans which I pay on every month as well as one car loan and our mortgage. We both go to the dentist and get all needed medical care.
Caveats to this are we don’t have kids and I can’t imagine how difficult it would be if we did. We also live pretty simple lives. We’ve always lived in a fashion so that we could afford our basic expenses on one income because my wife and I both lived very poor, check-to-check lives when we were younger.
I don’t think middle class truly exists anymore. You either can afford to live now or you can’t, it’s just by how much and where.
https://eattherichtextformat.github.io/1-pixel-wealth/
It’s not. If you can’t afford a dentist you’re not middle class. IDK where dude lives, but I make $100k in a major metro area in the USA and consider myself middle class. My family still qualifies for partial forgiveness from medical bills.
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My area introduced tiers for medical forgiveness based on household income, even if I made twice as much there’d still be some degree of assistance. May be worth looking into for your family.
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Man that must be rough. Poor people only have to worry about where their next meal is coming from and whether they can afford rent. I can’t imagine having to deal with repairing my house.
FYI. Not trying to say you don’t have struggles or challenges. But to say that it’s harder to live like that than being even more poor is insane. Just like the rich people this thread is about.
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Yeah, again I’m not saying you don’t have struggles. I get it. But to phrase it in a way that suggests you have it worse than poorer people is insane. These people don’t have half the shit you do.
Also you said that sometimes poor people have it better than middle class. And that’s just not true.
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They seem to think you’re only middle class if you’ve never been to Epstein Island.
Leaves Bill out!
presuming you are American, look at dental clinics and if you are near a city, dental universities.