Reply to is household income $220,000 lower middle class for DCUM?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]$250k HHI with about a 2 mil net worth and we feel very much like lower middle class in DC, especially when we attend school events. Perspective has been reinforced after looking on DCUM and interacting with parents at our private.  It depends on your social circle.[/quote]

Assuming no family money, you're at an income where private school requires a financial sacrifice. You're not LMC, but spending a large chunk of your income on private school and being around the very wealthy will make you feel LMC with what's left over. Think about whether or not staying at the private is best for your child and family, financially and socially. Maybe it is, but you're giving up being UMC at a good public school and having more savings and discretionary income. Good luck whatever your path.[/quote]

Well, duh, if you are in a private school circle you are doomed to feel poor even with much higher income and several millions in NW.  There is a huge gap between UMC and real wealth, and if you rub shoulders with real wealth and get a glimpse of their lifestyle no surprise you feel impoverished. [/quote]

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