Reply to What is Middle Class....Really?

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[quote=Anonymous][quote=Anonymous]
You think that's how it works?  It could take years for a couple to reach that income.  It's not like someone starts making $350k out the bat (some do, but most of us don't). [/quote]

Of course not, but you ain't starting in the mailroom at $22K if you're making $350k while your kids are still in school.  At some point, right before you're having that first kid and moving to the million dollar neighborhood you're making at least a very significant fraction of that $350k.

If you're making $150K plus, are saddled with loans (and are concerned that you can't live the future lifestyle you want with those payments), and are contemplating that move to North Arlington or Tenleytown - take a break, live simply, ditch the BMW for the bus, get a room in a group house in Petworth or wherever is cheap, put all your money towards your loans and you will easily pay them off in a couple years. I don't know if you ever did start at the bottom, but I did. My first job out of college paid $30K in 2010. I could easily go back to living that lifestyle and if I did it with a $150K income I could put $70K a year towards loans.

Or more realistically, maintain that 1BR lifestyle you probably already had when you first entered the workforce and put all your income gains into your loans and when that time comes to start a family they will have been long gone.  [/quote]

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