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I always thought we were "poor." Almost all my friends had more stuff than me. Everything I wore was second hand. We drank powdered milk and didn't eat much meat back when it was a financial thing not a health thing. But in hindsight, I realize my parents were scrimping and saving. They seem well off to me now, and my old friends' parents seem stuck in a lower income lifestyle with a bunch of stupid toys. Big screen tvs in a dump of a house, etc.
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