Reply to 31% of millionaires think they're middle class

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[quote=Anonymous]I realize how out of touch this sounds to people who earn, say, 70k per year, because that’s how I grew up. But DH and I now make almost 250k together and I feel like we’re middle class. This is how:

After deductions for health care and retirement accounts, we take home $5000 together per payday, every two weeks.

We live in a small row house with three beds, two baths. Our mortgage is $3500/month. We save $1000 each month in 529s, our kids are approaching college, and we have less than 30k in each 529. (Two years ago, HHI was much lower so we were saving $500/month between them.) All our other expenses are super normal: utilities, gas, phone and internet, groceries, medical bills, orthodontia, therapy. We take one vacation a year, never overseas. Kids are in public schools. There’s nothing ostentatious in any of our spending, except maybe our insane grocery bills and our maxing out of 401ks. I actually don’t remember how we did it when we were only making 120k, except that we weren’t saving much for retirement and college. [/quote]

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