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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] Word.[/quote]
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