Reply to Upper-Middle Class vs Middle-Class Lifestyles

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

All subjective

Why do you care?[/quote]
Because it bugs me when people go to Europe on vacation, have their kids in private, and then cry that they're middle class.[/quote]

We're middle class in the sense that we don't have any family money or inherited wealth. So while we make a decent income (750k) and have some nice things that you mentioned (like the house in a "nice" suburb and the annual trips to Europe and the Caribbean and so on), [b]we don't have the "things" that other private school parents have. Namely boats, second (or third) homes, exclusive country club memberships, etc.[/b]

Our kids aren't going to get a 60k car when they turn 16.
[b]
We'll pay for college but we're not going to be able to give them 2k a month in spending money[/b]. Things like that.

Compared to them, we are middle class.[/quote]

Come on.  On $750k income you COULD have things.  You could definitely have a boat, a second home.  Heck you could give your kids $2K a month in spending money in college without a problem.  
Let's say you have 2 kids.  That's $48K a year in cash.  Make that $100K in pre-tax income that you're handing out to them.    You could easily (as in not skipping a beat) live on a $650K salary. 
You just choose not to.

[/quote]

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