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Reply to "If you consider yourself Upper Middle Class (and you live in the DMV)..."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]All of you are rich. UMC is Middle class - $80-120K in this area. This is silly to pretend you are middle class on $200K or more income and that much in savings. Middle class generally don't have that kind of savings and live pay check to pay check. If you live in a million dollar house you are not UMC. If you earn what is posted here, you are not UMC.[/quote] PP: that was my point in my earlier post. Our income is high, but culturally we feel UMC. We have to work to support ourselves. I work until midnight many nights and DH and I both work for a portion of most weekends. Obviously many people with lower incomes also work this hard, and as I noted I'm aware of where our income falls in a distribution, but our lifestyle is basically the same as a family making $200k/year.[/quote] Your post says you are completely unaware. You are earning what? $300-500K and think its comparable to $200K. Many professional jobs work that many hours. You are completely unaware of how others live. We make $140-160K depending on the year and live in a fixer upper we bought for $360K that is 900 square feet. We are more in line with UMC in this area and I don't consider us UMC. You are no where culturally UMC. You probably own two nice cars, child care, a nice bigger house, housekeeper and multiple vacations a year. You aren't living anywhere close to where we are.[/quote] Here is where a lot of people are coming from--we made $140-160K and lived in a townhouse we bought for $360K that was 1000 square feet. Then we sold it and got a modest SFH (still in our close-in suburb) for $600,000 that has appreciated to $1,000,000. And our incomes went from $160K to $300K. In 25 years our 401ks went from $0 to $1,000,000. When we made $160K we were paying off student loans and paying for child care. Now we are paying for braces and facing college for two kids. So, to you, we are rich because we have a net worth of $1.5M now and an income of $300,000, but we feel like the same people and live in the same house we have since we made half as much money and live basically the same lifestyle except we put a lot more in savings. We don't feel rich, we feel....middle class. Or upper middle class if you want. [/quote] You have experienced upward social mobility. That doesn't change the fact that you're now UMC/rich. This is about data, not your feels. And the attitude expressed here shows how out of touch you are with real America and the average worker. [/quote] The average worker doesn't even go to college! Of course we are UMC - we both have graduate degrees.[/quote]
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