[war1025]

I don't know what it will add to the conversation, but I thought it was worth adding in my two cents.

My family of five is supported by my income (~$100k / year).

I get paid weekly. Every Friday, I go into my bank account amd transfer anything in excess of $2000 into the stock market.

Some weeks that's quite a bit of money, some weeks it's not so much money.

As of a week ago when I did the math, we had $65k more to our names this year than we did one year ago.

Probably half of that was money we saved directly, and half was stock market gains, so I guess from a debt payoff perspective maybe that's closer to $30k.

But I guess my point is, I don't think it's unreasonable to think a two income household in a higher-income metro than where I live could have $80k/yr in excess income to pay down debt with.

[alistairSH]

It's certainly not unreasonable or even uncommon. But, it's still way above the norm in the US. Median household income in the US is somewhere around $65k/year (before taxes and expenses).

Side note - You're only holding $2k in cash for a family of 5? That seems low. Your efforts to invest for the future are commendable, but if you get caught on the bad end of a 2008-style recession, is it enough to keep paying bills?

[war1025]

> You're only holding $2k in cash for a family of 5?

I am holding $2k in a checking account. My savings accounts are appropriately sized to get us by for probably six months to a year.