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Metropolitan New York City
Reply to "HHI of private school parents"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Last year was $5.5 mm, but that was our highest ever. DC in high school now. When DC was in K, HHI was more like $1.8 mm.[/quote] Question for you: have behaviors / culture of student body changed as parent income has accelerated? Kids are in lower school right now but curious on whether there's materialism / lifestyle inflation that becomes further pronounced in later years. Obviously this differs by school / class composition but curious to get your personal viewpoint![/quote] For some kids, yes. They start to do more expensive hobbies/trips, carry expensive bags, wear labels, etc. And there definitely seem to be some cliques based on money, though not universally across the grade. But as far as I can tell, no one is ridiculed, made fun of, or otherwise singled out for lack of wealth, at least according to my DC. And the richest families are often hosting events and whatnot for friend groups, which is nice of them.[/quote] Thanks. We are lower school parents so appreciate you sharing your viewpoint. We are also trying to fly beneath the radar at our school and raise our child in a healthy way. Both of us work unassuming jobs, don't live in a fancy place, don't go to Vail, and dress pretty simply (our kid wears a lot of Target). But HHI is multiple 7 figures (small business, hence why you can't just guess it). We feel very fortunate. Funnily enough it has been interesting to see some degree of self sorting amongst the parents, somewhat based on outward facing income/jobs (e.g. the banking MDs pretty quickly gravitate to the law firm partner couples, and some moms seem very tuned to reading the micro signals of status). We grew up in NYC and interestingly enough have found that other longtime NYC resident parents are a lot more chill about this kind of status symbol BS. [/quote] “seem very tuned to reading the micro signals of status“ what does this mean? [/quote]
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