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][quote=Anonymous]

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]

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

[b]$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.[/b]
[/quote]

No logic here. You are assuming that someone with 400K in a lower cost area doesn't have student debt and childcare expenses to pay off either. 400K is 400K no matter how you CHOOSE to spend it and where you CHOOSE to live. Your money buys you the luxury of living in a city with an economic bubble wrap around it and lots of amenities.

And the ability to pay for a great childcare and pay off your loans that someone making a quarter of that doesn't have.

Our HHI is 325K a year and I have NO illusions about where that puts me on the economic scale. Even in DC, I am doing extremely well.[/quote]

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