The Resident Contrarian:
A few years back, my wife was at a baby shower hosted by a friend by a mutual acquaintance. In a conversation with the hostess, my wife learned they were in a tough financial position – they were always broke, and no amount of budgeting seemed to help them get ahead; they had cut every cost they could and things were just getting worse and worse. She admitted to my wife that she just felt like she was sinking further and further underwater, and didn’t see any way out for her or her family.
Note: The hostess and her husband were both doctors. They had a combined income somewhere upwards of $200,000 a year, and as the conversation developed my wife learned that their problems started and stopped with the hostess not being able to save quite as much as she’d like once the payments on their very nice house and current-year cars were made. At the time she leaned on my wife for emotional support over finances, our family of four’s income was less than $30,000 a year.
You should know the hostess wasn’t mean-spirited in the least, and we liked her then and continue to do so. But she did have a kind of tunnel vision I’ve since noticed is increasingly common: If you came from a family that did pretty well financially, went to college and then immediately started to do pretty well yourself, it’s hard to get any kind of context for what life is like at lower income levels. This isn’t a matter of the relatively-wealthy being dumb or insensitive; it’s just legitimately difficult to get a handle on what it’s like in a life you’ve never lived, and often being legitimately confused as to why anyone would opt to make less money instead of improving their lot with training and education.
In that spirit, I’d like to offer my services as a sort of has-been-poor guide, to fill you in on what it’s like on the other side of the tracks.
This reminded me of these great (and sad) Reddit threads: