lol...good luck. |
I agree. PP probably has never been to a real place in America with middle class. Check out Ohio sometime. |
| 300k Plus |
| DH and I argue about this (lightheartedly) I think we are middle class and he girls we are upper middle. |
well none of us live in Ohio. You have to consider context. In DC, it probably is closer to 400k plus. You can get to 300k with two government lawyer salaries and they're always complaining about not having enough money on the financial forums. |
True - it depends on dual income or not. DH makes 250k and I stay home. We are in better shape than our friends who make the same but pay for childcare and we are worse off than our single guy friend who makes 220k and has no children related expenses or a mortgage. |
good points |
No one cares about that. They are what their neighbors and friends make: the people around them. |
This. I think the problem is quit calling it upper middle class then People want to know where they fall amongst their peers Say for example two working parents with grad degrees what is the 60-80% percentile income for people like this in DC. I would argue that is at least 250k |
This is fucked up. 150K is the threshold for retirement and health care...guess what, that means only 15% can afford health care. |
Agreed. Yikes. |
Still upper middle though. |
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We are two GS-14 scientists, and we need both our incomes to afford the mortgage and childcare, have modest house inside beltway with good schools, and vacation twice a year (once in a summer beach vacation, winter is flight to visit family for holidays)
We max our retirement and have some 529 money, but our kids will likely need loans unless they get merit or sport sholarships. so even though we make almost $300k, I feel this is a pretty typical middle class lifestyle, but because housing and childcare is SOOO expensive it constrains us. This is pretty much the income you need to not have LONG commute and have decent schools in a real house. Granted when we retire, in theory we can sell the house and move someplace with lower COL so our retirement could be pretty comfortable but a bit of a gamble in such an illiquid asset. |
Not financially, but socially, I have never thought of lawyers as "middle class" but at least "upper middle class". When I think of middle class, I think teachers, nurses, skilled trades, etc. |
| maybe 220 k? |