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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]$350k - [b]take home monthly pay: ~18k[/b] - so if their disposable income after mortgage is still $6300, that's a whopping $11700 mortgage, or perhaps less if she was factoring in the massive bills from heating/cooling such a big house. [/quote] Seems like a lot, but... $3200 mortgage ($550K home) $ 1200 per child -- child care $1000 month food $1000 month -- car payments (500 each car for two working parents) $500 moth -- other -- insurance, savings, debt pay off, clothes, vacations, retirement That is middle class life. It is the cost of housing and daycare which makes it so expensive to live here.[/quote] In the above comment - there was 18k take home per month. So after adding together your budget - you would still have over 10k per month in disposable income. So please explain how this is middle class.[/quote]
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