Reply to Why is $275k hhi now so poor?

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Reply to "Why is $275k hhi now so poor?"

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[quote=Anonymous][quote=Anonymous]This is a troll for sure; however I do feel their sentiment. You still need to budget and think about saving on 275k, it’s definitely middle class and not luxury (although it’s not “just getting by”). With kids though it probably is bare minimum for middle class, especially with 2 in daycare or needing a nanny. [/quote]

275k is not the minimum for middle class. This is absurd. My family has a HHI around 300k. Even after paying for health benefits and retirement, we bring home a little over 14k/month. We have 3 kids and still manage to do stuff like a travel sport, nice camps, a few domestic vacations per year, housecleaners every 2 weeks, etc.

Things were tight during the childcare years (especially with 2 in daycare at for a couple years overlap). So I do think there is a pretty big systemic failure on affordability of childcare for anyone who doesn’t quite reach a category of wealthy.  I also think housing is a systemic failure right now with not enough pressure on foreign investors and secondary homes. A 300k income doesn’t get you a nice SFH in the most desirable zip codes. But I would hardly call 275k the entry to MC. There’s no way a 150-250k income is lower class.[/quote]

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