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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Dual-income of $2.5 million. 2 in private in DC. We feel like most families are doing better than us.[/quote]
Why? You know that this is clearly not the case.[/quote]

Kids’ houses, cars, vacations, 2d homes, 3d homes.[/quote]

A facade. I know a number of families that lease their shiny luxury cars, vacations are paid on credit, and 2nd homes belong to grandparents. My sister is a realtor in this area and is privy to a lot of financial information--according to her [b]it is very unusual for private school families to have incomes in the 7-figures. Most hover in the $300K-$700K range. (Of course, this is still a ton of money in the grand scheme of things.)[/b][/quote]

This is closer to the truth.

PPs with millions, open your eyes and realize that you're the top of the money heap. There might be a few who spend it differently and make you think otherwise, and one family who is actually richer, but that's it.

[/quote]

please don't conflate wealth with annual income. I'll take the former any day.[/quote]

Sorry, but $300K-$700K HHI is wealth by any standard. You need a more accurate perspective on relative wealth.[/quote]

The label is not what matters. Poster has pretty accurately represented the 25th to 75th pct incomes for DC privates.  How this compares to people’s perceptions of wealthy versus not is irrelevant. [/quote]

+1.  You can definitely do private at $300K, but it will require not insignificant sacrifices in other areas, particularly if you have more than one kid.  (This assumes you don't have grandparents paying for some of it and/or don't have a lot of other wealth not reflected in your annual income.)  Once you get to $700K, or definitely above, you should be able to cover private school tuition without really having to cut back meaningfully in other areas.

In between those figures, it really depends on peoples' individual circumstances and financial needs/wants in other areas.[/quote]

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