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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous]I think people don't understand that in this area - dual earner families, making say, $300K combined, aren't living the rich life. First, with two working parents, they have to pay a lot in childcare. Then, if you also factor in taxes, cost of living in this area, saving for retirement, paying off student loans, mortgage, 2 cars, saving for kids to go to college, etc. - you don't have tons of other money left to be dropping on whatever else the heck you want - you have to be keeping track of your expenses, etc. - so no, that doesn't feel rich. I feel like rich means you can do whatever you want and money is no object. I'll give you that I can accept that this is upper middle class, but we're still not paying for cable, for example because we have to decide what our priorities are, since we can't fund everything. I don't consider that rich.[/quote]
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