Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]300k three kids. Living month to month.[/quote]

Then you have made poor choices.

I get that these higher incomes don't feel like that much to many in the 200-300 bracket but it is a lot.  My family lived on a income of about $100k for 7 yrs when I was a SAHM and Now we make about $240k between my going back to work and DH's raises.  Sure, taxes and childcare take some but we are substantially better off at this higher income -- we were able to do a significant renovation of our house, increased retirement savings, setting aside college savings, travel a bit more, and overall just not have to think as much about money day to day.  Much of our extended family is truly middle class, living in modest homes in smaller cities with less ability to save for emergencies, retirement, and college, and have those little daily luxuries without thinkIng about it.  [/quote] because our tax system is progressive the more you make the higher the percentage of taxes that come out. You don't really reap the rewards of a higher income until about 500k.[/quote]

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