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Reply to "HHI for single income families?"
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[quote=Anonymous]HHI today is not really comparable to when we made the decision to go from two incomes to one. At the time first child was born HHI probably went from $375k down to $300k but DH’s career seemed to be doing well and we thought his income would continue to increase. DC are 10 and 12 now and HHI is now $2 - $2.5m and I have been fortunate enough to be able to stay home throughout. Obviously $300k was plenty to live comfortably on and I don’t want to sound like someone who has lost perspective but those first couple of years we had just bought a new house that was a bit of a stretch, new minivan when we had 2nd DC, financial crisis hit, started college savings accounts, etc so the first couple of years we certainly did hunker down a bit and not spend a much money on vacations, furniture for the house we bought etc as we did not want to become one of those people who couldn’t make ends meet on what is a high income for 99.99% of the world. [/quote]
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