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College and University Discussion
Reply to "Middle class families - Are you willing to take on a ton of debt for a top college?"
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[quote=Anonymous][quote=Anonymous]Could someone define "middle class" please. The term is so vague and almost everyone thinks they're middle class.[/quote] On DCUM, "middle class" seems to correspond with what most Americans would refer to as "upper middle class." These are typically people with HHI's of $200K, and up. By comparison, the median household income in the US is around $50-60K. Clearly, paying $50K/year for college, per child, is not realistic for people the latter demographic. Smart "lower middle class" kids tend to end up at state flagships. Smart UMC/rich kids go to elite privates.[/quote]
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