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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous][quote=Anonymous]See, it isn't only on DCUM. https://www.cnbc.com/2023/11/10/survey-31percent-of-millionaires-say-they-are-part-of-the-middle-class.html A recent Ameriprise survey found that about 60% of milllionaires consider themselves "middle class." A quarter of households making $175k called themselves "very poor," "poor," or "getting by but things are tight." An Edelman Financial survey found that Americans said they'd need to earn $233,000 on average to feel financially secure and $483,000 to feel rich. What about you? 1. What's your HHI and what do you consider yourself? 2. Do you feel poor, comfortable or rich? Why? 3. What level would you need to achieve to feel "rich?"[/quote] 1) HHI is $244k gross, probably will increase by 5-10k when I get my pay adjustment (I am the lower earner by a mile). We are in a purportedly MCOL area but I don’t find things like fuel, utilities, groceries or anything to be any less expensive than in large cities 2) I feel generally comfortable but we’ve gotten into a lot of CC debt this year - embarrassing but true! We have become much more disciplined with our spending and are prioritizing paying off debt and investing in savings. 3) I think an HHI of $400k and above would make me feel rich. My DH is pretty much capped out at his salary, but I have a lot of earning potential I am working to realize within the next five years. That should bring us to that level, or higher. [/quote]
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