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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Alright, since the debate on who constitutes "Upper Middle Class" is hotly debated on here, and people can't see to agree on whether 250-500K is rich or just barely making it as middle class, who on here lives a "rich" lifestyle and what is your HHI?  Since people with 500K apparently budget carefully, drive 10 year Hondas, go to public school, and have modest vacations at the beach, who are all these people in the area that people complain about on the private schools forum who are in a bubble of wealth jetting off on fancy vacations and letting their 7th graders wear designer clothes?  If you can afford to do several of the following, what is your HHI?

--[b]Drive luxury vehicles (BMW, Acura, Audi, Mercedes, etc.)[/b]
--Live in a 1 million or more house in a nice neighborhood (NW DC, Bethesda, Chevy Chase, Arlington, McLean, or even Capitol Hill).
--Fully fund retirement
--Fully fund 529s so your kid can go to the best college they can get into, even private school
--Send your kids to private schools like Sidwell, NCS, GDS, etc.
--Have elaborate vacations that frequently involve international travel, like most spring or Christmas breaks the Caribbean or Hawaii along with more occasional big trips to Europe, Africa, or Asia
--Afford music lessons, travel sports, tutors, and other enrichment, including expensive camps
--[b]Allow your kids to wear designer labels, like a freshman in high school wearing $150 dollar jeans (7s, Diesel, etc.)[/b]
--[b]Buy handbags that are 1000+ on occasion[/b]
--Invest some money in taxable investments after maxing out 401K and IRA
--Have the occasional date night at a high end restaurant where you can blow $250 dollars on food and wine on a nice tasting menu

I'm curious, because there seems to be many neighborhoods filled with luxury vehicles, many people living in 1 million + houses, and many people in the DC area who enjoy travel, and many who complain about expensive clothes being worn in schools (both public and private)
[/quote]
Someone who is rich knows that expensive cars, clothes, and handbags can be obtained by almost anyone.  HHI of $730K here and drive a Honda & Acura, no designer handbag, and kid wears clothes from Children's Place, Old Navy, etc.  We have all of the other financial stuff mentioned but the cars and fancy stuff don't mean you're rich.  [/quote]

Indeed. This list is more like, who is not only rich but also addicted to conspicuous consumption?[/quote]

Yeah I will admit I'm rich but I buy meanswear brands that most people don't recognize. Does that make me unapologetic or not? Either way, I apologize in advance.[/quote]

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