Reply to At what HHI did you stop feeling middle class?

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[quote=Anonymous][quote=Anonymous][b]The problem is that socioeconomic status isn’t just about money. There is a huge socio part to it. [/b]So, I will always feel middle class because that is how I grew up and it is a part of me despite having a high income. Why does it matter how someone feels? We should talk about facts and how we allocate responsibilities like taxes based on facts. Income of X is high earning. I think it should be taxed at a higher rate than income of Y. None of this feeling stuff. It is too squishy and doesn’t move the conversation along. Just makes people crazy. [/quote]
This. I grew up on the high end of UMC and DH and I are there now, and I've never felt not UMC/UC. Even when I was a grad student with a $20K/yr stipend in a HCOL city and had to ration groceries and eat lots of beans and rice. I think the biggest differentiator to my MC peers was that I wasn't worried about a financial catastrophe, since I had a cushion to fall back on. I ended up needing expensive, unexpected car repairs and a dental treatment, and my parents paid for them as necessities. Those are the types of things that my classmates on the same stipend might have had to go into debt for or struggle to prioritize. The financial pinches I felt were all optional luxuries (e.g. figuring out how to pay to be a bridesmaid for friends who went into i-Banking etc so had lots of disposable income and wanted expensive dresses etc...one friend's wedding cost me more than half my monthly stipend, and I saved for a year to be in it).[/quote]

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