I should have kept my kid at Wilson; college admits are much better than the Big3

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know PP gets this idea that Big 3 Privates are filled with Uber wealth or that somehow being around driven and successful people is somehow going to crush their kid.

First off, at our Big 3 Private about 1/3 of the students are getting about 60- 75 percent FA and many are from Wards 1 & 4 - having lived there for a decade before those neighborhoods became Hip

There isn’t any real UBER wealth in DC anyway. It’s Washington, not a Swiss Boarding school for Christ’s sake

Lawyers, Finance guys and Fed Govt Admin - hardly UBER anything lol

Just successful enough to stir a little determination to succeed, which is a good thing

I don’t know about your private school but my kids are at GDS and there are many Uber wealthy people. I know 3 billionaires who have kids there and many other parents who make 1M+.

A Law Partner's annual bonus alone is about 800k, but a Million a year does not constitute Upper Class. It's still Upper Middle Class

Upper class is Royalty, 4th-5th Generational Wealth ( Mellon, Carnegie, Ford, Pew, etc.. ) DC does not have that class of people.

Ok. I will tell my law firm partner husband who made $2M this year that we are UMC. Or would you call us middle class? We don’t own a 20 million dollar yacht so I guess in your mind we are middle class

Your attitude is distinctly upper middle class, but it’s also clear that this is something you simply don’t understand

[Anonymous]

Anonymous wrote:

Anonymous wrote:Hahahahahaha. You private school parents are a bunch of whiny babies. Sorry your children are not strong candidates for top colleges. Wilson is not perfect, but colleges know what they are doing. Better for them to have kids that can overcome some adversity in public schools rather than entitled spoiled brats from private school.

It’s so small-minded to write off these kids as “spoiled brats”. Thank goodness admissions committees aren’t so cramped in their thinking.

I’m the mom of a kid who made it through private school thanks to FA, but knew lots of kids whose parents were full-pay. So many bright, kind, talented, hard-working kids. Such ignorance on display here!

[Anonymous]

And K-5 is stronger than any fluffy non-skills based lower school around here as well.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know PP gets this idea that Big 3 Privates are filled with Uber wealth or that somehow being around driven and successful people is somehow going to crush their kid.

First off, at our Big 3 Private about 1/3 of the students are getting about 60- 75 percent FA and many are from Wards 1 & 4 - having lived there for a decade before those neighborhoods became Hip

There isn’t any real UBER wealth in DC anyway. It’s Washington, not a Swiss Boarding school for Christ’s sake

Lawyers, Finance guys and Fed Govt Admin - hardly UBER anything lol

Just successful enough to stir a little determination to succeed, which is a good thing

I don’t know about your private school but my kids are at GDS and there are many Uber wealthy people. I know 3 billionaires who have kids there and many other parents who make 1M+.

A Law Partner's annual bonus alone is about 800k, but a Million a year does not constitute Upper Class. It's still Upper Middle Class

Upper class is Royalty, 4th-5th Generational Wealth ( Mellon, Carnegie, Ford, Pew, etc.. ) DC does not have that class of people.

LOL, keep telling yourself that 1 mill/year is UMC: https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system

It absolutely is UMC .

Taxes reduce it to 750k, 3 kids in Private reduces it to about 550k once you factor in annual giving expectations and college tuition of 80k a year per kid

Decent house is 2.5-5 million so, unless you pay cash, is about a 200 k a year in mortgage

So, now you are down to 350k from which to live on, invest, plan for retirement and maybe pay for assisted living of MC parents

That’s far from the real Upper Class, which is a very small entity of people who can draw millions in annual income without having to work ( unless they wish to ) just from living off of their GGGF invested wealth as do all their family today and for generations to come.

The latter is Upper Class . The former is Upper Middle Class

So your point is that once you spend money, you have less of it? Okay then.

Please tell me this is satire.

Dude, taxes, income based fees and withholding make $1m gross into 500k post tax VERY quickly.

No one wealthy needs silly w-2 and BS income taxes.

[Anonymous]

The trust fund just sells a few shares every time a big bill comes.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know PP gets this idea that Big 3 Privates are filled with Uber wealth or that somehow being around driven and successful people is somehow going to crush their kid.

First off, at our Big 3 Private about 1/3 of the students are getting about 60- 75 percent FA and many are from Wards 1 & 4 - having lived there for a decade before those neighborhoods became Hip

There isn’t any real UBER wealth in DC anyway. It’s Washington, not a Swiss Boarding school for Christ’s sake

Lawyers, Finance guys and Fed Govt Admin - hardly UBER anything lol

Just successful enough to stir a little determination to succeed, which is a good thing

I don’t know about your private school but my kids are at GDS and there are many Uber wealthy people. I know 3 billionaires who have kids there and many other parents who make 1M+.

A Law Partner's annual bonus alone is about 800k, but a Million a year does not constitute Upper Class. It's still Upper Middle Class

Upper class is Royalty, 4th-5th Generational Wealth ( Mellon, Carnegie, Ford, Pew, etc.. ) DC does not have that class of people.

LOL, keep telling yourself that 1 mill/year is UMC: https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system

It absolutely is UMC .

Taxes reduce it to 750k, 3 kids in Private reduces it to about 550k once you factor in annual giving expectations and college tuition of 80k a year per kid

Decent house is 2.5-5 million so, unless you pay cash, is about a 200 k a year in mortgage

So, now you are down to 350k from which to live on, invest, plan for retirement and maybe pay for assisted living of MC parents

That’s far from the real Upper Class, which is a very small entity of people who can draw millions in annual income without having to work ( unless they wish to ) just from living off of their GGGF invested wealth as do all their family today and for generations to come.

The latter is Upper Class . The former is Upper Middle Class

So your point is that once you spend money, you have less of it? Okay then.

Please tell me this is satire.

Dude, taxes, income based fees and withholding make $1m gross into 500k post tax VERY quickly.

No one wealthy needs silly w-2 and BS income taxes.

And $500K is still considered upper class. You all are as whiny as NYers about how $300K makes them solid middle class. Not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know PP gets this idea that Big 3 Privates are filled with Uber wealth or that somehow being around driven and successful people is somehow going to crush their kid.

First off, at our Big 3 Private about 1/3 of the students are getting about 60- 75 percent FA and many are from Wards 1 & 4 - having lived there for a decade before those neighborhoods became Hip

There isn’t any real UBER wealth in DC anyway. It’s Washington, not a Swiss Boarding school for Christ’s sake

Lawyers, Finance guys and Fed Govt Admin - hardly UBER anything lol

Just successful enough to stir a little determination to succeed, which is a good thing

I don’t know about your private school but my kids are at GDS and there are many Uber wealthy people. I know 3 billionaires who have kids there and many other parents who make 1M+.

A Law Partner's annual bonus alone is about 800k, but a Million a year does not constitute Upper Class. It's still Upper Middle Class

Upper class is Royalty, 4th-5th Generational Wealth ( Mellon, Carnegie, Ford, Pew, etc.. ) DC does not have that class of people.

Ok. I will tell my law firm partner husband who made $2M this year that we are UMC. Or would you call us middle class? We don’t own a 20 million dollar yacht so I guess in your mind we are middle class

Your attitude is distinctly upper middle class, but it’s also clear that this is something you simply don’t understand

PP, your attitude is distinctly uninformed.

[Anonymous]

You keep conflating wealth and w-2 income. You must not have any Hf, PEVC, tech, or start up friends or family. High risk, high reward.

Even Buffett and his $1 (one dollar) salary must really impress you. What a nice, honorable guy! Doesn’t want to pay fed or Nebraska income taxes, just life off dividends and interest on his interest.

Meanwhile the double income couple pulling in $1m gross in rinky dink Washington DC, paying $500k of all in taxes, $75k a year mortgage and car payment, $40k a year in grad school loans, $100-150k in private school tuition plus some food, clothes and entertainment is thought of similarly. Hahaha. That’s just what mass media and Biden want you to think as he continues to protect the 0.1% and nail the 50-99%.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don’t know PP gets this idea that Big 3 Privates are filled with Uber wealth or that somehow being around driven and successful people is somehow going to crush their kid.

First off, at our Big 3 Private about 1/3 of the students are getting about 60- 75 percent FA and many are from Wards 1 & 4 - having lived there for a decade before those neighborhoods became Hip

There isn’t any real UBER wealth in DC anyway. It’s Washington, not a Swiss Boarding school for Christ’s sake

Lawyers, Finance guys and Fed Govt Admin - hardly UBER anything lol

Just successful enough to stir a little determination to succeed, which is a good thing

I don’t know about your private school but my kids are at GDS and there are many Uber wealthy people. I know 3 billionaires who have kids there and many other parents who make 1M+.

A Law Partner's annual bonus alone is about 800k, but a Million a year does not constitute Upper Class. It's still Upper Middle Class

Upper class is Royalty, 4th-5th Generational Wealth ( Mellon, Carnegie, Ford, Pew, etc.. ) DC does not have that class of people.

Ok. I will tell my law firm partner husband who made $2M this year that we are UMC. Or would you call us middle class? We don’t own a 20 million dollar yacht so I guess in your mind we are middle class

Your attitude is distinctly upper middle class, but it’s also clear that this is something you simply don’t understand

PP, your attitude is distinctly uninformed.

One PP sees wealth or salary income as class status where as the other PP is referring to class status as birth and to family wealth. It seems if one is actually wealthy one would need not work.

[Anonymous]

Anyone intelligent with a volatile, large bonuses saves them, and knows they’re not replicable for 15,20,30,40 years like real wealth and savings are. Or owning assets.

[Anonymous]

The Upper Class make up about 1/4 of top 1% of the greatest held wealth in this country.

But, they don't actively work to earn that wealth. Instead the money works for them and their descendants

They also serve as gate keepers on the reigns of what makes society function. Not politics per se, but the controlling interest on the boards of the most powerful Banks, Utility Companies, Weapons and Natural resource companies, Museums, Universities, Medical research institutions, the Intelligence community and the Foreign Service.

To the PP who bragged, " BUT, my husband made 2 million last year.... " well, you just proved my point. Your husband worked for that money- probably 60-90 hour weeks at that. Even billing $700/hr and closing major mergers - that is still a worker Bee. And your fixation on material possessions as a marker of social class distinction is the hallmark of the upper middle class that aspires to be more, but will always just be UMC.

[Anonymous]

Anonymous wrote:The Upper Class make up about 1/4 of top 1% of the greatest held wealth in this country.

But, they don't actively work to earn that wealth. Instead the money works for them and their descendants

They also serve as gate keepers on the reigns of what makes society function. Not politics per se, but the controlling interest on the boards of the most powerful Banks, Utility Companies, Weapons and Natural resource companies, Museums, Universities, Medical research institutions, the Intelligence community and the Foreign Service.

To the PP who bragged, " BUT, my husband made 2 million last year.... " well, you just proved my point. Your husband worked for that money- probably 60-90 hour weeks at that. Even billing $700/hr and closing major mergers - that is still a worker Bee. And your fixation on material possessions as a marker of social class distinction is the hallmark of the upper middle class that aspires to be more, but will always just be UMC.

Says who?

“According to a 2018 report from the Pew Research Center, 19% of American adults live in "upper-income households." The median income of that group was $187,872 in 2016. Pew defines the upper class as adults whose annual household income is more than double the national median. That's after incomes have been adjusted for household size, since smaller households require less money to support the same lifestyle as larger ones.”

https://www.cnbc.com/amp/2019/09/14/how-many-americans-are-considered-upper-class.html

[Anonymous]

Anonymous wrote:The Upper Class make up about 1/4 of top 1% of the greatest held wealth in this country.

But, they don't actively work to earn that wealth. Instead the money works for them and their descendants

They also serve as gate keepers on the reigns of what makes society function. Not politics per se, but the controlling interest on the boards of the most powerful Banks, Utility Companies, Weapons and Natural resource companies, Museums, Universities, Medical research institutions, the Intelligence community and the Foreign Service.

To the PP who bragged, " BUT, my husband made 2 million last year.... " well, you just proved my point. Your husband worked for that money- probably 60-90 hour weeks at that. Even billing $700/hr and closing major mergers - that is still a worker Bee. And your fixation on material possessions as a marker of social class distinction is the hallmark of the upper middle class that aspires to be more, but will always just be UMC.

You’ve been watching too much Succession, and even those guys have day jobs. By your standards, Bezos and Musk aren’t “upper class” because they show up to work.

[Anonymous]

Anonymous wrote:The Upper Class make up about 1/4 of top 1% of the greatest held wealth in this country.

But, they don't actively work to earn that wealth. Instead the money works for them and their descendants

They also serve as gate keepers on the reigns of what makes society function. Not politics per se, but the controlling interest on the boards of the most powerful Banks, Utility Companies, Weapons and Natural resource companies, Museums, Universities, Medical research institutions, the Intelligence community and the Foreign Service.

To the PP who bragged, " BUT, my husband made 2 million last year.... " well, you just proved my point. Your husband worked for that money- probably 60-90 hour weeks at that. Even billing $700/hr and closing major mergers - that is still a worker Bee. And your fixation on material possessions as a marker of social class distinction is the hallmark of the upper middle class that aspires to be more, but will always just be UMC.

Agree.

Their philanthropy is impressive as well. Better ROI than my taxes…

[Anonymous]

Anonymous wrote:

Anonymous wrote:The Upper Class make up about 1/4 of top 1% of the greatest held wealth in this country.

But, they don't actively work to earn that wealth. Instead the money works for them and their descendants

They also serve as gate keepers on the reigns of what makes society function. Not politics per se, but the controlling interest on the boards of the most powerful Banks, Utility Companies, Weapons and Natural resource companies, Museums, Universities, Medical research institutions, the Intelligence community and the Foreign Service.

To the PP who bragged, " BUT, my husband made 2 million last year.... " well, you just proved my point. Your husband worked for that money- probably 60-90 hour weeks at that. Even billing $700/hr and closing major mergers - that is still a worker Bee. And your fixation on material possessions as a marker of social class distinction is the hallmark of the upper middle class that aspires to be more, but will always just be UMC.

Says who?

“According to a 2018 report from the Pew Research Center, 19% of American adults live in "upper-income households." The median income of that group was $187,872 in 2016. Pew defines the upper class as adults whose annual household income is more than double the national median. That's after incomes have been adjusted for household size, since smaller households require less money to support the same lifestyle as larger ones.”

https://www.cnbc.com/amp/2019/09/14/how-many-americans-are-considered-upper-class.html

Don’t post generic studies that are cost of living adjust by City or region. Seriously. You just discredit yourself, even in a HS math or stats class.