Reply to At what HHI did you stop feeling middle class?

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[quote=Anonymous]We make $250K HHHI I have friends that live in Winchester that are actually middle class (electrician, computer repair person, customer service rep).  As a general matter, I think they spend more on stuff than I do but we save substantially more.  Here are some of the main differences I've observed:

Retirement:  We both max retirements plus backdoor roths whereas they only put in like 5% of salary to their 401K.  I would estimate that we save approximately $45K more than them in retirement.  I anticipate most of them will have to work until they are 65 whereas we will have the option to retire sooner if we want to (this is a huge difference).

Housing:  Our house is a little bigger but not dramatically bigger.  Obviously our house is significantly more expensive and will result in more home equity when we eventually sell.  They still have nice houses that would be very expensive here.

College:  My friend that I would guess makes the most is planning to pay for two years of college whereas we are planning to pay for four years at a state college.

Cars/other stuff:  My friends spend substantially more than we do and have nicer/newer cars, phones, etc. than we do.  However, that is a choice on our end, we certainly could buy all of the stuff that they do if we wanted to.

Bottom line is that while our day-to-day lives are (or could be) similar in terms of consumption choices we have the ability to save substantially more than they do which will provide us with significantly different options down the road and the additional savings makes us not middle class.[/quote]

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