Reply to How do I know if I am middle class?

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[quote=Anonymous][quote=Anonymous]I think we need another category, something between middles class and rich.  Upper middle class does not cut it because everyone is fighting over what makes up the "middle".

Our HHI is $300K+, two working parents.  We have a small amount of debt in addition to our mortgage but all student debt is paid off and we are on track to eliminate all non-mortgage debt within the year.  We live in a small, not updated, close in house in DC with a good school district.  We expect to finally be able to update our house in the next year or so once (1) non-mortgage debt is gone, and (2) our youngest starts K and there is no more private preschool/daycare bill.  We can afford to eat mostly organic, take occasional vacations, drive decent cars that we keep for about 10 years, and we will ensure that our children have excellent educational options and can attend the best college for them that they get into.  We are saving for retirement.  We usually drive over flying when traveling because of cost but we will stay in nice hotels because we like them.  We recognize we are very well off, but not rich in the common understanding of that word as portrayed in movies and on TV.  We do not make financial decisions without thinking them through.  We get upset when there is a problem with the a/c or roof or something else because such expenses are a big deal to us.

So, what is the name for this category that does not (1) insult people that are struggling financially because it understates how well off a HH is as compared to the country and the world or (2) overstate how well off a HH is in its day to day experience of life and relative to the truly wealthy. [/quote]

We don't need another category. You are upper class. That doesn't mean you never have any financial worries, of course. Even the richest people I know seem to worry about money a lot. [/quote]

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