Reply to Ok can we stop saying $300k is "rich" in DC?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]300k gets you a starter home and a used car. Dinners at Chain restaurants, clothes from Kolhs and occasional vacation. It is not rich at all for a family.  [/quote]

Then why do we have all that on 100k?[/quote]
Exactly. The other thread explains how $70,000 is fine for a single/no kids. How can families be making more than double that, so an additional $7,000 a month, be complaining? Even allowing for $2,000 for childcare and an extra $1,000 for a larger mortgage, that still leaves a $4,000 surplus. Add in another $2,000 a month for college and retirement savings, and you still have $2,000 left over. [/quote]

It's nutso. They weep over only having a few thousand dollars a month to live on after paying all their bills, saving a ton, paying for private school and an expensive mortgage. They feel badly about living in a starter home, then sniff that it's "in a different location" than the starter home of a couple living on $100k.

They live really well! But nothing is ever enough for some people.

Look, we have a HHI in the mid-100s, mostly because my husband has a good job while I toil away as a writer. Do we have every material thing we could ever want? No, of course not. We drive a crappy car, I will be paying off student loans till I am in my 50s, I haven't gone on an overseas trip in years now, etc etc etc. But I'd have to be in a real bubble to think that we have it hard. Knock wood, we have it so good I can't believe it sometimes.[/quote]

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