Reply to Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K

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Reply to "Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K "

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I would suggest that the fact the range goes up to $350k would indicate there is already an allowance for COL.

Even if DC, someone making $400k doesn't get to call themselves [b]upper middle class[/b]. Sorry.[/quote]

I know we have had this arguments here a million times but 400k is not rich or wealthy in this area. It is UMC.[/quote]

Yes. Some people are so disconnected from reality! [/quote]

Not the pp, but very few people who actually make 400k share your sentiment. People who have personal experience of what it's like to make 400k are usually better judges of reality than those who do not.[/quote]

How is the top 0.75% the middle of anything?  The middle class is typically around the middle 50 percent of the income curve.  With median HHI's around $80-90K in the DC metro area, the 75th percentile is around $150K.     So, you're saying that in a metro area of over 6M people, with over 1.5M households, that the top 20-30K people are still middle class?  Does that mean that 1.4M households out of 1.5M in the Washington metro area are poor?

No, those making 400K who think they are middle class because they spent a huge boatload of money buying expensive homes in NW, Potomac, Bethesda, Great Falls, McLean, etc, are the ones out of touch with reality.  Put another way, those with $400K have this fairy tale illusion of what they think middle class is.  They are out of touch with the way the actual middle class actually lives.  I'm sorry, but this isn't the days of the Wally and Beaver.[/quote]

We are not talking about middle, but upper middle. So all your frantic typing above is meaningless.

[/quote]

Must be good drugs you get.  E[b]ven if you want to classify middle class as the middle 50 percentile (say 25-75), then UMC would be somewhere in the 75-90 percentile.  So that might raise it to the 150-250K range.  $400K is the top 0.75% of the nation, and about the top 1% of the DC metro area.[/b]  There is no way that 99% of the population is middle class or lower.  Only those out of touch with reality would delude themselves into thinking that the top 1% of the population is not rich.[/quote]

Lay of the math, it's not a panacea.

$400k net in some second tier, low tax state is a lot different from $400K gross from two incomes in a high cost of living area, paying off student debt and paying for childcare expenses.
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