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Reply to "If you are middle class (<150k HHI), how would things be different if you were rich (>400k HHI)"
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[quote=Anonymous]As a single who makes just under 150k, I do have no idea how families can have a middle class lifestyle on a lesser income. I don't live extravagantly, I have a modest house. I do travel and save plenty for retirement, but it is not a fancy life. Everyone I know with children bleed money and still don't live extravagantly. There's some truth that the beau ideal of a middle class existence likely requires a 200k+ HHI in urban/suburban areas, and that's a decent house with decent schools and two decent Japanese cars and decent savings. Sub 100k is lower middle class for a family. The last time 100k was a comfortable family income was probably in 2000ish. If my income were to jump to 400k it'd manifest itself mostly in a nicer house and a nicer car and spending more money on vacation. I'd probably explore collecting interesting artwork but I don't like clutter so who knows. [/quote]
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