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Reply to "At what HHI did you stop feeling middle class?"
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[quote=Anonymous][quote=Anonymous]It really depends how long you've been making the high income. Often the first few years of "professional pay" are following years in school and coincide with people starting families. So a couple can hit $400k HHI, but have $400k in educational debt and are very behind on retirement, be living in a pricy apartment near work, have two giant daycare bills for downtown centers, extra childcare bills to cover their intense work hours, lots of convenience food costs to support two busy careers with little kids, plus feel a need to save for a house down-payment (and potentially another car to shift to the suburbs), plus then furniture and tools to support the new house, etc. It's an expensive time of life. Ask the same couple 10 years later and they'll be much more comfortable.[/quote] They should not have taken so much debt, should have waited to have kids, and made different choices. Something is wrong if you cannot live comfortably on that even with the debt. We'd be very comfortable and we are comfortable making less than half of that.[/quote]
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