Are we UMC?

Anonymous
Early-mid thirties DINKS
HHI: 380K
Net Worth: 300k

Anonymous
Yeah probably, more so if there was/is student debt in the equation
Anonymous
Yes, income wise but you should have more saved at your age and DINK.
Anonymous
Anonymous wrote:Yes, income wise but you should have more saved at your age and DINK.


We only recently started making money. But with TTC, I am sure a lot of extra will go into child expenses.
Anonymous
60 to 80 percentile of income.
Anonymous
Anonymous wrote:Yes, income wise but you should have more saved at your age and DINK.


PP who said yeah probably. If they didn't have any debt then yeah sure, but if they paid off student debt than whatever. We had $300k NW a couple years ago when we paid off the loans. Incomes inflected and no more loans so we're going to be at ~$800 soon.
Anonymous
If you're hoping DCUM will decree that, no, you're actually rich, then you're SOL.

Why is your net worth so low? Are you including home equity?
Anonymous
What difference does it make? Genuinely curious why you want/need/care about this
Anonymous
Anonymous wrote:Early-mid thirties DINKS
HHI: 380K
Net Worth: 300k

HINYR aka Henry. High income not yet rich. Your HHI puts you above UMC.
Anonymous
No. Your NW needs to be a lot higher. Maybe in 10 years with aggressive savings
Anonymous
Anonymous wrote:Yes, income wise but you should have more saved at your age and DINK.


This
Anonymous
If you are ttc and think you are UMC you will probably want a nanny. That will eat $100k of your gross. Hopefully that income is mainly from one person and one can stay at home.
Anonymous
Our income was half yours at your age, yet our worth was 3 times it.
Anonymous
I'm saying MC.
Anonymous
No. You are upper income. This forum does not represent or acknowledge reality. No data or statistics would put you in the middle.
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