This is a fluff piece written by someone in a rich bubble.
The 2 year old and 4 year old have no concept of money, the 4 year old did not “do most of the work” in a lemonade stand, and they do not have “their own money” to spend. Picking up after yourself and putting dishes in the sink are not chores, and kids this age aren’t taking out the trash - of course they enjoy it when mummy does it and makes a big deal of how grown up the kids are for helping, and probably rewards then for it.
None of the ideas are innovative or relevant to most parents, and particularly not with a kids that age. This is just one rich bored parent with young kids sharing their “experiences”. Pretty out of touch with reality.
$150 a month for her dog’s health insurance…
And she’s calling herself “middle class” like she lives in the burbs…
The wealthy always think of themselves as “middle class” because they know people wealthier.
Just because billionaires exist doesn’t mean millionaires who take annual child free vacations are suddenly “middle class”.
They just don’t want to actually admit they’re wealthy and wasting a shit ton of money that should be going to taxes.
I worry that she actually is “middle class” and the wealth disparity has moved to the point that those of us who cannot spend $150 on pet insurance or drop $750,000+ on a house or $100,000 on a truck are effectively “poor”, at least as far as the market is concerned.
I mean, it should be median income/wealth, then a standard deviation either way.
But capitalism doesn’t care about people, it cares about money. That’s the only way the “middle class” can be defined differently.
Don’t let capitalism define words.
Where does she claim to be middle class? It seems she recognizes she was middle class as a kid, but now is not, considering she said “were” instead of “are.”
I have a very different take away from this and that she knows she is wealthy, and trying to impart the understanding of their luck onto her kids…I don’t see her at all denying her wealth.
She did say that she grew up middle class and sometimes her family couldn’t afford pizza. If you can’t afford one of the most cost effective ways to feed a family without making the food yourself, you’re not middle class. Now she’s rich and lying about lemonade stands. It’s embarrassing that someone with no idea what middle class means is writing an article about teaching kids about money.
Erm, not arguing that this lady is middle class, but dog insurance cost is not remotely relevant to that lol. I pay that for my dog and make less than 6 figures. My dog is just really important to me, and our last dog cost us thousands and thousands of dollars on vet bills. I’m not going to be blindsided dropping $5k in a day on vet bills again. Our dog has insurance because it seems like the financially responsible thing to do, especially when your dog is extremely active and engaging in sports that it may be injured doing.
So-called upper middle class: “I’m middle class because there are people richer than me”
So-called lower middle class: “I’m middle class because there are people poorer than me”
IMO the middle class is an illusion
Middle class is paycheck to paycheck, has been for a while.
I’m lucky enough I can stack retirement and I got a house when it was (comparatively cheap).
If we’re splitting the classes by median income (assets could be done, but people in the middle class by median are lucky to even have a mortgage on a home) then it’s about 40k for an individual and 75k for a household. And I’m solidly “upper class” even though I’ll never amass more than a million in assets unless real estate inflation jumps past Ludacris and into plaid.
The fact that anyone with a million in assets, let alone cash/stocks would consider themselves “middle class” just tells you stupid people can luck out and become millionaires.
It’s a level of delusion that is actual impressive.
So the “middle class” that’s a single income, house in the burbs, two cars, vacations every year…
That shits gone. But that doesn’t mean there isn’t still a statistical middle class.
I make less than 100k a year and my dogs insurance costs about that much. I didn’t have insurance for him before because he was young and healthy but then he tore his ACL and the surgery set me back 6.5K. That wasn’t exactly a drop in the bucket for me, at the time I had less than half of that in savings, and had to max out my credit card. So now yeah it sucks having to pay that much but if he does get a bad injury or illness - obviously I really hope that doesn’t happen and I have him for many more years to come - as he grows older, it will cost me way less as a lump sum.
That last sentence is odd. What do you mean should be going to taxes? Sounds like you define wealthy by what taxes they pay. I know the billionaires have lots of loopholes to pay a lower percent, is using those loopholes your deciding factor?
You’re talking “should” legally…
I’m talking “should” ethically, but really, they “should” have never made that wealth to begin with.
Idk why you guys are so obsessed about millionaires here. We aren’t some evil devils that you can put all the blame for your problems on. It’s just life some are wealthier some are poorer. It was like that since forever and it will be like this forever except in this system you also have a chance for success unlike feudalism where everything was 100% predetermined.
In literally every system that ever existed there was someone wealthier and someone poorer what matters is the dynamics, can the poorer become wealthy, can the wealthy lose money if they stop being productive proportionally to their wealth? This is the problem
Idk why you guys are so obsessed about millionaires here
Because they keep denying they’re the 1% and claim to be “middle class” and need tax breaks because the 0.1% exist.
When they’re still causing problems for the rest of the 99%
It was like that since forever and it will be like this forever
At this point, it’s real hard to think you’re not trolling…
Like just statistically, very very few people would ever legitimately try to use that argument these days after sooooooooooo many people have been shooting it down for centuries.
If progress wasn’t possible, shit wouldn’t have fucking progressed.
Quick edit:
Completely unsurprised by that post history
“Look! My kids are almost like other kids, except they’re spoiled-wealthy-at-birth!”
–businessinsider.com
Every parent wants to spoil their kids. So they have it better than they had at their age. It’s just how it is. Your parents couldn’t afford Lego? You will buy the biggest set etc
I looked for past articles from her on Business Insider. She is middle class, like rest of us. Which middle class person doesn’t hire an accountant and spend $1000 per month to make parenting easy!
