Reply to Household income is $350k and live in Arlington. Are we middle or upper middle class?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Our income is close to that and I do feel middle class living in Arlington. Of course I understand that 350k is much more than the vast majority of Americans make, but it doesn't feel like that living here. We are paying off student loans, live in one of the few small, original homes in our neighborhood and drive modest used cars. I SAH but we don't take vacations except to visit family, don't buy fancy gadgets or clothes or whatever. [/quote]

You should try doing the exact same thing except with working parents and the daycare shuffle. Unless your your DH routinely works 80 hr weeks, your household labor is less than a dual working parents, and have half the commute, for the same money.   [b]I mean, you don't work, how is that not upper class life[/b]?[/quote]

There are plenty of people who don't work and it doesn't mean they are wealthy or poor.  [/quote]

https://en.m.wikipedia.org/wiki/Financial_independence

"Financial independence is the state of having sufficient personal wealth to live, without having to work actively for basic necessities."[/quote]

Her husband works.  They aren't financially independent. [/quote]

Being FI doesn't mean you don't work; it simply means you don't *have* to due to passive income exceeding expenses. Since most people on this forum spend more than they earn no matter how much they make, I'll guess they aren't FI. But the fact that they work doesn't necessarily mean they aren't FI. I did the math the other day and we're technically FI despite making only about 1/3rd of the 1%ers above, because we paid off our house early and make enough in investments to pay our property taxes, utilities, and food if we cut our expenses to the bone. However, we continue working because a.) we want more kids and health insurance is expensive, b.) we get to give lots more to charity this way, and c.) we'd like to fully fund our kids' colleges.[/quote]

Breadwinner DH: the ultimate passive income. [/quote]

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