Reply to How do so many young families have $80k SUVs?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]SAHM running errands with [b]3+ little kids[/b] getting into a brand new looking [b]Suburban, Tahoe, Expedition,[/b] etc. These moms look 35 or less.[/quote]

Suburban, Tahoe, and Expedition are not luxury models, just large SUV's costing $60K-$80K.  Large families need that room.

Average age of first marriage and fatherhood in DC is early thirties.  The median age in Potomac and McLean is 47.  Fathers with multiple school-age kids are usually at least in their forties, often in a second marriage with blended families.  Perhaps the SAHM had a previous career or divorce settlement.  Both parents might have sold starter homes with capital gains to make a down payment on an average $1.4MM house in Potomac or McLean.  FWIW, the median household income in Potomac is $237K, and the median in McLean is $250K.  A $200K annual pre-tax income is 94th percentile for a 35-year-old and $300K is 97th percentile nationally.  So there are definitely young men in this income bracket.  But most self-made men were too busy with graduate/professional school and careers to have multiple school-age kids by 35..  Also, you don't see these fathers because they are busy at work.

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Where are you getting these stats on McLean and Potomac from? [/quote]

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