Reply to 31% of millionaires think they're middle class

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[quote=Anonymous]Our HHI is 120-130k (single earner) in the DMV but our net worth is 2.5m.  I feel like we're on the lower edge of UMC because we've chosen to be a single earning family and our net worth is high for MC, even though our income is at the median for the area.  In terms of expenses however through a combination of luck, tastes and frugality, we spend more like a MC family: we lucked out on timing a house purchase/refinancing so our total costs are under 2k for a SFH that is worth about 850k, we drive 10+ year old middle class kind of cars, for vacations we take road trips to visit family or hike and camp, our hobbies are low-cost creative ones, our kids went to public K-12 and our eldest goes to an in-state public school for college as likely will our younger kid.  We haven't had any illnesses or disabilities that required expensive treatments and therapies, and neither of our kids were interested in expensive hobbies/activities.  Our parents don't need our financial assistance. We have been relatively lucky with investments.  So our assets have built up more than our income would predict.[/quote]

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