Reply to What is the lifestyle difference of 400-500k/yr and 800-1M/yr

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We’re around 500k. At a million, private school is a lot more accessible as is three kids.

[b]500k is solidly UMC in a HCOL area.[/b] [/quote]

It’s about the 96th percentile of HHs in the DMV, so UMC is being used a bit loosely here.[/quote]
You know, you'd think. My parents were dirt poor growing up so I have some perspective even though I grew up middle class. But now I live in DC and our HHI is 400k and I understand that we are rich but we cannot afford to buy a 3br home, nor can we afford private school. I am so grateful that unexpected expenses are not usually big stressors and we can spend some money on a cheap int'l or moderate domestic vacation each year. But also my kids have 2 pairs of shoes and one coat and we don't eat out more than twice a month. We have one 20k car and no debt, but STILL cannot buy a home yet. We were not DINKS for years before having kids and we have no family money so this is probably what separates us from our neighbors who own. But it's insane that we have so much money coming in but feel trapped. Part of that is that retirement and college costs in America are crazy.[/quote]

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