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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][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. [b]By comparison, the median household income in the US is around $50-60K.[/b] 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] By definition, the OP must fall into the latter category because people in the bolded have tuition and fees taken care of at elite schools like Columbia. That's how much they want them to attend.[/quote]
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