Reply to What is Middle Class....Really?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

I think you need to reexamine your life.  You sound mean and angry.  What's wrong?  Upset you don't make $350k/year?[/quote]

Ha, not at all. I'm not actually the OP so I have no skin in the game, I just stepped in because the claim that a family that makes $350,000 a year couldn't afford to fly first class to Europe unless they had an inheritance was so laughable I had to say something[/quote]

I'm not the idiot who keeps insulting the other poster about her 100k income, but seriously, a family with HHI of 350k cannot afford a first class trip to Europe without outside help, saving for years, or running out of money for other things. In this area, 350k will get you a middle class lifestyle, nothing more. Expenses have gone up, and a 6 figure income doesn't get you much. To the people making less than 250k in this or other hcol area, do you have everything a middle class lifestyle provides without struggling? A family of at least 4, 3-4 bedroom house in a nice, safe neighborhood zoned to good schools, couple of moderate vacations a year, able to help with college because expenses have risen astronomically?[/quote]

HHI of about 220K and yes, we actually do.   :roll: [/quote]

I'd love to see your budget. What's your mortgage? What is your budget annually for a couple of modest vacations?[/quote]

NP - I make around 100k - one child - and I feel like we live a pretty nice life.  We even take vacations from time to time!  Shocking I realize.....[/quote]

I'm sure you do live a nice life. Your expectations of what constitutes a "nice life" is different than families making $50,000 HHI or $250,000 HHI.[/quote]

I'm not sure what you mean really.  I would expect some sort of different life at 250k?  In what way?  We have a nice house, good schools, and we take vacations. What else do we need??  [/quote]

How much are you saving annually for retirement, and what age do you hope to retire - before 65? At 250K, you would be expected to fund all of your childrens' college costs; at $100,000, you will be able to get some loans and perhaps even some scholarships.  When you say you vacation, is it camping down the shore or ten days in Italy?[/quote]

I honestly don't think I will get need based college fund at 100k.   But I'd love to be wrong.

Vacations in the past few years have been England/France (one week), Adirondacks, Disney and Sanibel Island.

Retirement will be mid-60s I hope.[/quote]

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