Reply to Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K

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Reply to "Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves upper middle class. Sorry.[/quote]

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.[/quote]

Yes. Some people are so disconnected from reality! [/quote]

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.[/quote]

How is the top 0.75% the middle of anything?  The middle class is typically around the middle 50 percent of the income curve.  With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K.     So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class?  Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality.  Put another way, those with $400K have this fairy tale illusion of what they think middle class is.  They are out of touch with the way the actual middle class actually lives.  I'm sorry, but this isn't the days of the Wally and Beaver.[/quote]

a study said rich starts at 617,000  so this does many sense 
https://www.washingtonpost.com/local/what-it-takes-to-be-a-1-percenter-in-the-washington-area/2012/02/01/gIQA571JiQ_story.html
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