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A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'
(www.businessinsider.com)
this post was submitted on 14 Aug 2024
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A Boring Dystopia
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Yes because that doctor is allowed in the door of the ownership class.
They will have accumulated enough capital over their lives that their children will have a huge head start. If their children repeat their parents success, the grandchildren will be ownership class.
Being more privileged members of the working class still doesn't make them part of the owning class.
As long as they aren't stupid, the grandchildren will not need to work. They will be ownership class.
I know a doctor couple with one child and they are nearing retirement. They have about $5m in savings. In 50 years, including inflation losses, that will be $200 million.