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

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

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[quote=Anonymous][quote=Anonymous]300K HHI. Single income family. 2 mil net worth. 3 kids. 1 in college, 1 HS and 1 MS.

Extremely low mortgage on a huge SFH that was bought at the bottom of the market 18 years ago, for less than 300K. House is now worth 600K.

Kids were always in magnet programs in public schools  - no private school cost.

SAHM, so no childcare cost. No student debt. Living frugally for the amount we earn.

Retirement on track. Colleges fully funded. 1 kid won a substantial merit scholarship (full tuition) for undergrad - so no cost for college for him.

We have had some lucky breaks in life ( house,  kids getting into magnet schools, no student debt, no medical issues, good secure job, and some solid inheritance down the road etc.), however, we have also lived pretty frugally in many ways - low cost vacations, cooking at home (even when we use organic foods, cooking at home cuts costs), buying stuff on sale etc. No designer clothes, handbags, spa etc.

We would be considered RICH in other parts of the country. We are middle class in DCUM. We are happy because we have a comfortable living.  A good everyday life, without the grind and soul sucking work-hours that many high earners in DCUM have.

We have the luxury of time and a very unhurried pace of life. So, I think we are luckier than most. We are very, very comfortable life. And we also have weekly maid-service - our one luxury!
[/quote]

B---, please. You are not middle class with a net worth of $2mm.[/quote]

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