Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K

[Anonymous]

If you do a COLA for DC it would be 476K to 539K accoring to the COL adjustments below


http://money.cnn.com/2016/06/21/news/economy/upper-middle-class/index.html?iid=hp-stack-dom

http://www.areavibes.com/washington-dc/cost-of-living/

http://www.bestplaces.net/cost_of_living/city/district_of_columbia/washington

[Anonymous]

I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

[Anonymous]

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

[Anonymous]

Anonymous wrote:If you do a COLA for DC it would be 476K to 539K accoring to the COL adjustments below


http://money.cnn.com/2016/06/21/news/economy/upper-middle-class/index.html?iid=hp-stack-dom

http://www.areavibes.com/washington-dc/cost-of-living/

http://www.bestplaces.net/cost_of_living/city/district_of_columbia/washington

Even with this clear evidence, people don't want to consider themselves wealthy -- just like people don't want to consider themselves poor.

Everyone wants to call themselves middle class.

[Anonymous]

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

+1

The range is $100k-350k. This includes DC and other high COL areas. Sorry OP, if you're above that, you're above upper middle class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

[Anonymous]

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Sorry, but we make half and are well into the UMC. $400k is definitely wealthy. Have you checked out river front property in Egypt?

[Anonymous]

This study is stupid. If by their own figures the "upper middle" class thus defined now accounts for 29 percent of the population, versus 32 percent of the population for the "middle" class, the obvious conclusion is that their cut-offs are artificially low. In fact the entire method of picking the cutoff and then figure out who falls in those categories is backwards. You do the population income survey *first* and *then* figure out where the middle class is based on the resulting bell curve.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

PP here, need to correct my self, not better judges of reality in general, but the reality of what it's like to make 400k.

[Anonymous]

Meh, as long as you can pay for your needs and wants you are wealthy.

Otherwise, you are poor even if you earn millions.

A teacher once told my graduating class - "Figure what you want in life materially and then go and earn the money to make it a reality".

Dying with millions in your bank is a waste of that time in your life that you spent earning it.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

How is the top 0.75% the middle of anything? The middle class is typically around the middle 50 percent of the income curve. With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K. So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class? Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality. Put another way, those with $400K have this fairy tale illusion of what they think middle class is. They are out of touch with the way the actual middle class actually lives. I'm sorry, but this isn't the days of the Wally and Beaver.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

How is the top 0.75% the middle of anything? The middle class is typically around the middle 50 percent of the income curve. With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K. So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class? Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality. Put another way, those with $400K have this fairy tale illusion of what they think middle class is. They are out of touch with the way the actual middle class actually lives. I'm sorry, but this isn't the days of the Wally and Beaver.

a study said rich starts at 617,000 so this does many sense
https://www.washingtonpost.com/local/what-it-takes-to-be-a-1-percenter-in-the-washington-area/2012/02/01/gIQA571JiQ_story.html

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

How is the top 0.75% the middle of anything? The middle class is typically around the middle 50 percent of the income curve. With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K. So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class? Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality. Put another way, those with $400K have this fairy tale illusion of what they think middle class is. They are out of touch with the way the actual middle class actually lives. I'm sorry, but this isn't the days of the Wally and Beaver.

+one million.

Doesn't matter what it 'feels like' to make $400K. Objectively, such people are in the highest percentiles of the income spectrum, so objectively speaking, they are not in the middle. Period.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.

Yes. Some people are so disconnected from reality!

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.

How is the top 0.75% the middle of anything? The middle class is typically around the middle 50 percent of the income curve. With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K. So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class? Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality. Put another way, those with $400K have this fairy tale illusion of what they think middle class is. They are out of touch with the way the actual middle class actually lives. I'm sorry, but this isn't the days of the Wally and Beaver.

Agreed. The disconnect isn't people who have less than $400k not knowing what it's like - it's people who make $400k thinking that's basically the same as 50 or 100. (Or maybe I just don't understand what umc means at all....)