Reply to Ok can we stop saying $300k is "rich" in DC?

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Reply to "Ok can we stop saying $300k is "rich" in DC?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Rich is having enough food to eat, clothes  to wear, a safe place to sleep , decent medical care, being able send your children (especially female children) to school AND having enough leftover to save for tomorrow, go on an occasional vacation to visit family, eat at a restaurant once in a while or buying anything on a whim.  [/quote]
That's not rich. That's called doing okay or getting by.[/quote]

Yes it is[/quote]

I agree.  Also, I'd add it's not having to worry at all at a significant unexpected expense.  My car got broken into last week and the repair (my deductible) was $500 plus I had to pay for a rental car for a week.  It was a hassle but in no way a worry from a $$ perspective.  If an appliance dies we can buy a new one for cash and get the model we want.  I give no thought to the cost of a field trip or replacing kids clothes because even though we put a lot of money in savings each month these expenses are also easily met.

HHI is $265K, which goes farther than most because we have a pre-boom house in a nice part of Arlington with a mortgage of $2K.  I know we aren't 'rich' like a 2-lawyer-partner family or hedge fund people but I can also see that we are in relation to my working class relatives.  BIL has worked as a mechanic for 30 years and still makes only $45K.  Those who feel they are just middle class at $300K might look down the income ladder for their reference point once in a while instead of just looking up.[/quote]

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