Reply to What are the classic components of an UMC or UC American childhood?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]UMC and UC are very different.  I’m surprised this is a combined thread.

[b]UMC is basically a glorified MC[/b] where the only extra is some travel and maybe maid/lawn service.

UC is obviously much different.[/quote]

I think you are very correct. I am UMC by HHI, but my spending pattern, culture and relationship with money is entirely MC.  I also do not have the confidence of UC that the good times will roll forever. I am always prepping. [/quote]

In the DMV

UMC is 150k-300k income

Upper class is 300k and up[/quote]

No, sorry, UC does not start at $300K.  [/quote]

So much of this depends on other things.  HHI is just one piece of the puzzle.  We have a HHI of $450k, but we still have a negative net worth due to mortgage and student loans.  That’s a combined income, so we also spend a pretty good amount on childcare.  Many of the things mentioned in this thread are out of reach for us.  
But a single income of $450k with no student loans and a SAHP would be in a very different position.   [/quote]

I agree with you that those are two different situations, but I still don't think even a family with an HHI of $450K and one stay at home parent is UC.  It just isn't enough money to buy what the truly rich have.  It's comfortable, but I think that's still UMC.  Maybe UUMC.  But not UC based on that HHI alone.  Now, if both parents were raised truly UC and had inherited wealth in addition to an HHI of $450K, then maybe.  [/quote]

Right. To me the truly rich can support their kids for life and have trust fund kids. [/quote]

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