Reply to Dual income families, what is your HHI?

Forum Index » Money and Finances

Reply to "Dual income families, what is your HHI?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I question that the original poster forgot to ask is for you to include student loans--if any.

I would be very curious, not nosy, but simply curious to see how many high income families in their 30s and 40s still have $200-300K combined incomes and at least 80K per person in student loans.

What most people never talk about is their student loans.

It is not only how much you make...You cannot ignore the income to (total) loans ratio.[/quote]

Our student loan debt is not quite as high as what you mentioned (about $130K combined, both for law school), but it does significantly color our financial picture.  We're 35 and will be paying around $1,000 a month to repay the loans until our late 40s.  Also we didn't save a dime while in school and even racked up some credit card and family debt, so we didn't actually start building any type of nest egg until our early 30s.  Then of course there were daycare expenses, etc.  With a HHI of $300K I'd still say law school was a good investment and we live a nice life, but certainly not what you'd think based on our age and HHI alone.  Bonuses have been the biggest help--DH got a $50K signing bonus a few years ago and usually gets a $30-50K bonus each year.  That's included in our HHI but the fact that it comes in a lump sum makes it easier to sock away without ever really feeling like we had it.  [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics