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Private & Independent Schools
Reply to "How much do you spend on private school and what is your HHI?"
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[quote=Anonymous]It's interesting because on the financial aid threads, people commonly say that those making $400K (pre-tax) should easily be able to pay $100K+ out of pocket and are living overly luxurious lives because they can't or won't. I was jumped on by many posters because I said that paying $165K out of a $425K income would be difficult for us. And yet the reality is that even paying $50K out of a $300-400K income (pre-tax) is hard for people. Which makes sense because it's a huge part of take-home income at this level. It's the equivalent of buying a new (nice!) car every year and throwing it out. Not many people at this income level would or could do that. [/quote]
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