Reply To: Is there a middle class frum family financial crisis ?

Home Forums Decaffeinated Coffee Is there a middle class frum family financial crisis ? Reply To: Is there a middle class frum family financial crisis ?

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Gadolhadorah
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Its all relative and depends what you mean by “financial crisis”The 5T is not Monsey or Lakewood. Average family incomes in the 5T is considerably higher than either Monsey or Lakewood. Family size is clearly one factor since 5T frum families are generally MO with fewer kids and a higher percentage of professionals with higher incomes. Also, the cost-of-living is higher in the 5Ts if you use average home sale prices or similar metrics.
The simple answer to the OP question is not so simple. You need to first establish exactly what is meant by “financial crisis” , adopt some uniform metrics on how that crisis is measured etc.