Reply to If you grew up UC or UMC and don't make enough money to live that way as an adult

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[quote=Anonymous]From an educational perspective, my husband and I did better than my parents. My dad had a business degree from Southern Connecticut State and my mom got her nursing degree from a hospital diploma program. My husband and I both have PhDs from top tier schools. But, from an income standpoint, we are definitely well-below the lifestyle that I grew up with (my dad worked his way up the corporate ladder at a big Fortune 100 company and retired as one of the highest ranking VPs). Our household income growing up was probably today’s equivalent of $600k or so per year, and this was in a lower COL area.

My husband and I chose to follow our passions and we make a combined $175K as tenure-track professors. I don’t worry about it at all. Country club, huge house, horseback riding, sleep away camp, fancy vacations...those were all nice, but did they really make me THAT much happier than if I would’ve swam at the public pool every day in the summer, or spent spring break at the Hilton in Florida instead of the Ritz in Maui? Are my kids worse off because they live in a 2000 square foot Dutch colonial in suburban DC instead of the gigantic house on 10 acres that I grew up in? Honestly, I don’t think so.

The only thing that gives me a twinge of sadness is the issue of college - my my kids will either have to go to the private colleges DH and I teach at via tuition remission or an in-state school. I was able to go to any college I wanted to/could get into—finances weren’t a consideration. That won’t be the case for my kids. [/quote]

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