Reply to Do you make $400,000 a year but feel broke?

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[quote=Anonymous][quote=Anonymous]You realize that an HHI of 400K puts you in the top 3% of income in the DC metro area (and the top 1% nationwide).  You think that people who make more money than 97% of other people in the area deserve financial aid?  Unreal.

You can look at what percentile various incomes are by region in this map the NY times made.  In the DC area, the 50% percentile is somewhere between 90-100K.  So I can see where that could be considered "DC middle class."  But 400K?  Really?

[url]http://www.nytimes.com/interactive/2012/01/15/business/one-percent-map.html?_r=0[/url]

I don't see how this could possibly be considered wealthy.  You are better off than 97% of people in one of the wealthiest metro areas in the country.  A school has to have a better allocation of resources than subsiding extremely the wealthy, but not 800-1 million crowd.  Also Harvard's endowment is way larger than most private schools.

In addition, sure people are screwed by not being able to save for college or retirement, but the reality is what it is.  Being in a position where you can max out your 401Ks and save for college is a luxury because most people in the country can't.[/quote]

many areas have a High Average HHI, maybe aide should be determined by the cost of the homes in the neighborhood. http://higley1000.com/archives/716[/quote]

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