Reply to Winning the lottery and paying for tuition!

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Can someone please define for me what salary puts someon in the 1% and what salary puts you in the 2%? I've always though of the 1% being millionaires and billionaires with numerous vacation homes, expensive cars, boats, fat portfolios and savings accounts. However, after reasoned this thread I'm beginning to wonder if the 1% actually represents a much lower threshold...[/quote]

for the 1% nationally it's about $400K.  in the DC area, about $550K. don;t know for 2% because most articles then go down to the 5% level.

the kind of lifestyle you are thinking about is the top 0.1%.

yes, we are going back to the era of Downton Abbey and the Robber Barons I guess. [/quote]

Ah ok. Yes you are right. I was confusing .1% with 1%. With a better understanding I can understand how someone in the 1% might be squeezed out of private school depending on their total debt. It takes money to make money and most people attain 1% status without student loan debt and other things.[/quote]

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