Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous]With a 350K HHI, 50+ Single income family this is where we are at and we feel very wealthy-
1) Great retirement (200K after taxes yearly, not counting social security) 
2) Good enough college (4 years of state school each kid + 1/2 million each for other costs and higher learning)
3) Insurance (Life and disability insurance that will be enough for the SAHM to never go back to work, downsize  etc)
4) No debt (except the 2K in monthly mortgage). 
5) Great medical coverage - presently and after retirement
6) Services at home (cleaners, yard maintainence)
7) Vacations (twice a year, international)

We live in a low COL area in DCUM, new SFH over 3000sq ft, no student debt, no other costs.  What kind of moron cannot be set for life with a 350K HHI or even 200K HHI?  The entitlement on DCUM is amazing. [/quote]

I was with you until you called folks morons. It is a lot more costly for a two income family at $350K (so say $175K each) than for a single earner at $350K. For starters - commute/car costs, wardrobe costs, extra childcare, likely more meals on the go. That said, I still wouldn't call those folks middle class- upper middle class maybe. [/quote]

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