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Relationship Discussion (non-explicit)
Reply to "Is there a certain net-worth at which you consider a family to be MC vs UMC?"
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[quote=Anonymous]How are you calculating net worth? How does home equity factor in? How do you factor in different kinds of debt (secured versus unsecured)? What about generational wealth that may be distributed in other ways (providing a family home in a good school district while adult kids save for down payment, or offering to pay for kid's private school education, etc.)? People who are determined to consider themselves middle class regardless of their wealth and privilege will find lots of creative ways to do it. For both psychological and tax reasons. :lol: [/quote]
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