Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

Forum Index » Money and Finances

Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]How would you classify us?

We have combined HHI of $160k, both parents work. Three kids, 2 in college with limited financial aid. We live in a house with $800k value in a good school cluster, and our mortgage payments are about $3k/mo. Youngest attends public school. No club memberships, generally a trip once a year to someplace in the US, maybe the Caribbean. We have about $2 million saved, about half of this is for retirement. DH is close to retirement age; I plan to work for at least another 10 years.

I think we're upper middle class, but judging from a lot of the posts here I wonder if we're considered middle class? Does our age matter? We obviously bought our first home before the housing boom -- we're on our fourth home at this point, so we've had time to build equity. Curious what younger DCUMers think.[/quote]

Its income plus nest egg.  Your income alone would be squarely middle class, but your savings pushes you up to lower upper class.  Above upper middle.  Good job.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics