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Reply to "Household income is $350k and live in Arlington. Are we middle or upper middle class?"
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[quote=Anonymous]Technically you are at the threshold of upper class but living upper class has more to do with how much free cash flow you have. If you have a big mortgage and big education expenses you might not have a lot of free cash flow to feel like you are upper class. If you don't have a mortgage and don't have any education expenses it's party time if you are making $350,000. One year I had two kids in college and one in medical school and spent over $100,000. A couple of years later it was down to $0. I felt like I had gotten a massive raise![/quote]
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