Reply to AEI says Dual-income 1-kid $133k/yr is "upper middle class"

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Reply to "AEI says Dual-income 1-kid $133k/yr is "upper middle class""

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[quote=Anonymous]We live in DC with one kid on $160k and I definitely would not refer to us as "upper middle class." Middle class, for sure, I think we have a pretty normal middle class lifestyle and then we have extra that goes straight into savings because we do in fact want to retire at some point and we want our kid to go to college.

But on this income, I do things like shop at Aldi regularly because it can save me over 100/mo on groceries, make most of our food at home, live in a condo, have one old beater car for emergencies but otherwise walk or bike most places, do the cheapest possible summer camp option, etc. I don't mind that stuff. I grew up middle class but in a big family and that was way harder, there was truly never enough to go around and I often felt deprived as a kid (no extra curriculars at all, meals very basic, school clothes from Kmart). With one kid it's more manageable.

I will also note that while we are dual income, one of us works PT in order to make the childcare situation work. If that spouse went full-time, we'd be over 200k in income BUT we'd be spending about 6x what we currently spend on childcare. I have done the math. We'd come on a teensy bit ahead financially but life would be more stressful, which is why we do it this way. It's an unhappy compromise but that's life.[/quote]

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