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Reply to "Ok can we stop saying $300k is "rich" in DC?"
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[quote=Anonymous]As usual, I think we throw around the word 'rich' too easily. If you think that having some money left over at the end of the month, saving for your retirement and your kids education, and living in an area with good schools make you 'rich' then sure, 300K covers it. - GROUP I If you think rich means very few concessions in life - vacation where you want, send your kids to school wherever you want, drive whatever you want, live wherever you want, then no. 300k does not make you rich - GROUP II My sense is that if you are looking sharply up at the first group, you think they are both rich and that group I and group II are really the same If you are firmly in Group I but are still making choices and don't think that you 'have it all' then you probably don't feel rich[/quote]
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