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Reply to "Reasonable income for family of 4"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Define “around here” - DMV suburbs inside the beltway? Outside the beltway? In DC specifically? What area (Falls Church, McLean, Bethesda, Silver Spring?) I would say you can “scrape by” on 150k, and be comfortable (but still feel middle class and worry about money) at 300k. To not feel middle class, 600k+. [/quote] Anyone who feels middle close on an HHI >$400k either has a spending problem or a very warped sense of middle class. [b]Middle class is not private school, luxury cars, and regular international vacations[/b].[/quote] 400-600k is not those things, either. A decent private in this area for two kids is ~80k in after tax dollars. If you're doing that on 400k you're absolutely stressed about money. Add in international travel and a couple of BMWs and you have a real problem.[/quote] Moral of the story here is that anyone can be stressed about money if you overspend. Many multimillionaires blow through their money too, but it still didn’t mean they were middle class while doing it.[/quote]
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