Reply to Making $500k and not feeling wealthy in NW

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[quote=Anonymous][quote=Anonymous]After taxes (Fed and District), [b]private school for 1[/b] and second coming from local DCPS into private, [b]saving for college, retirement, long term care, helping out family members[/b] etc. You feel really squeezed. Our brother inlaw in Houston get to take 3 or 4 vacations a year on about $300k a year, we can only take one real one and then have to huff it to Delaware for the weekend. It kind of is a rat race and we're stuck in this income zone for the foreseeable future (thanks biglaw profit slips). [/quote]

So, there are luxuries that you're taking for granted.   You live in NW.  You pay for private school for not just one but TWO children.  You are able to fully pay your bills and still save fully for college, retirement, LTC, insurance AND still help out family members.

You do realize that 90% of the population of the DC metro area have to compromise on two or more of the items on this list?  Usually four or more.  Most of the people I know live out in the suburbs because they can't afford to live in close.  They do not pay for private school.  And they pick and choose which of the above they can handle.

You have truly deceived yourself into believing that you have barely covered necessities when in fact you have made some very luxurious and expensive choices that most of the region cannot afford.  It is definitely time for a reality check.  You are going to find very few people sympathizing with you because you are in the top 0.4% of the income bracket even in this area (the top 1% makes in the mid $300K range).[/quote]

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