Washingtonians say $3 million = "wealthy", $720K = comfortable"

[Anonymous]

Cue the "DH is an executive in a Fortune 500 company but we feel middle class" brigade.

http://dcist.com/2016/06/post_84.php

[Anonymous]

And this is why people hate DC and why Trump has followers.

[Anonymous]

More amazed by the $620,000 to "be comfortable."

[Anonymous]

Looks like they used a limited sample (NW) of Washingtonians.

Bologna

[Anonymous]

This is why heartland America is so enraged with DC. A lot of these people are on the government payroll, if not directly then as "contractors."

[Anonymous]

Sorry, if your combined (married) HHI is above $250K, you are already "the riches" according to Obama. Look up his speeches.

If you factor in cost of living, I believe you are already in the 3% if you make 6-figure but under ~$700K. Above $700K in DC, you are the 1% class, regardless what you think you are.

[Anonymous]

Anonymous wrote:Sorry, if your combined (married) HHI is above $250K, you are already "the riches" according to Obama. Look up his speeches.

If you factor in cost of living, I believe you are already in the 3% if you make 6-figure but under ~$700K. Above $700K in DC, you are the 1% class, regardless what you think you are.

Wrong. In the District, to be in the 1% you need to clear $943,000 a year.

Most people who wander around Ward 3 humble bragging about "1-percenter problems!!" are not, in fact, in the 1%.

[Anonymous]

Anonymous wrote:This is why heartland America is so enraged with DC. A lot of these people are on the government payroll, if not directly then as "contractors."

Well, they are not directly on the gov payroll. Even if both spouses were senior officers at financial regulatory agencies, they would collectively be at about $500k. In reality, most dual-fed families are in the $200-350k range, assuming both are professionals. A good living, but not the DC one percent by any stretch.

[Anonymous]

That's just disgraceful.

[Anonymous]

Anonymous wrote:

Anonymous wrote:Sorry, if your combined (married) HHI is above $250K, you are already "the riches" according to Obama. Look up his speeches.

If you factor in cost of living, I believe you are already in the 3% if you make 6-figure but under ~$700K. Above $700K in DC, you are the 1% class, regardless what you think you are.

Wrong. In the District, to be in the 1% you need to clear $943,000 a year.

Most people who wander around Ward 3 humble bragging about "1-percenter problems!!" are not, in fact, in the 1%.

No, the top 1% in DC is >$555K.

http://www.thefiscaltimes.com/2016/06/17/How-Much-Money-It-Takes-Be-Top-1-Every-State

[Anonymous]

The article is talking about net worth, right? But some of the PPs are referencing household income.

I can understand the confusion when the article itself conflates the two: "households grossing at least $1 million in assets" ...

[Anonymous]

Anonymous wrote:The article is talking about net worth, right? But some of the PPs are referencing household income.

I can understand the confusion when the article itself conflates the two: "households grossing at least $1 million in assets" ...

Yes. Not HHI. Because that would be absurd. "I require $3 million per annum to even feel wealthy. Now, excuse my while I adjust my monocle."

[Anonymous]

I'm sad to find out that at 190k in hhi I am poor.

Damn!

[Anonymous]

It is NET WORTH people.

[Anonymous]

Anonymous wrote:I'm sad to find out that at 190k in hhi I am poor.

Damn!

Lol I find it sad that you and others misunderstood the article, which is discussing NW, not HHI.