Reply to 200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart

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Reply to "200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]"Just Getting By" is a BIG stretch to describe this budget. I don't think anyone will argue that high COL areas take a huge chunk of change out of one's salary, but this budget shows a sizable amount for vacations and $2k for charities and $5k for children's lessons. That is HARDLY "barely scraping by." True, it's not the budget of a truly wealthy person, but it is orders of magnitude more comfortable and full of little luxuries than everyone making...say...LESS than $200k. This is about our HHI and while we sure don't feel rich, we are able to save quite a bit and have a nice middle-class life. We've had to start paying attention to our budget, for sure, but we have no debt, which is huge.

The fallacy of this article, and overall mindset around here, is that things like[b] being able to save for retirement and give your kids nice lessons and even TAKE vacations (let alone nice ones) ARE ALL LUXURIES[/b]! Not entitlements![/quote]

most people would define that the minimum lifestyle for the middle class[/quote]

Nice lessons and vacations (plural) are not part of the middle-class lifestyle. [/quote]
Then define what a "middle class" lifestyle is these days.[/quote]

not living in a hcol city.  In most cities or towns in this country a 700k house is huge.  It would be harder to spend that on childcare and children's activities.  On that budget you could keep your one for maybe even two) children in private school.  [/quote]
What you are saying is that in hcol, there is no middle class.  I don't think it works that way.  "Middle class" defined locally is "median or average".  "Middle class" as defined in the US could be considered "upper class" in other parts of the world

So, again this is all relative to where you live. Sometimes, you can't help but live in a hcol because of the kind of  job you have or for some other reason.[/quote]

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