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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous]Our HHI (200k) puts us in the upper middle class bracket for the DMV. There are objective numbers that determine what a middle class income is and we fall into that. Now we just got to that income, but still, we’re upper MC. We’re 50, own a 1600 square foot home in the outer suburbs with subpar schools, just replaced our 20 year old cars with small newer cars, have no college savings, owe $500k on the house. We go out to eat maybe twice a month, and don’t do anything else for entertainment. Kids are in rec sports. We did cheap international travel when traveling on points was still possible and error fares existed. We had a lot of therapy bills for one child, so that’s where the money went. I don’t feel we are better off now than we were 4 years ago with $150k HHI. [/quote]
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