Reply to Upper-Middle Class vs Middle-Class Lifestyles

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I consider us upper, upper middle. 2 kids in $40k a year privates in DC. House around $2.6 million, second house around $2 million. Cars over $100k. 4 weeks international vaca a year- spend about $50k-$55k total on that. Housekeeper. [/quote]

You are wealthy.

The people of dcumlandia live in a bizarre bubble where they think the struggle of surviving on a $200-500k salary is so unbearable that they fail to realize their own wealth and privilege.

If you earn north of $200k and live in a home worth anywhere near a million dollars, then you are wealthy. You are not upper middle class. [/quote]

So you’re wealthy even if you can’t afford private school?   [/quote]

PP is crazy.  Someone earning 200k will take home approx 9k per month after taxes, retirement etc.   The mortgage on a one million dollar home is approximately 5k.  So they have 4K to live off of.  Private school is around 4K per month per kid.  So no, this person isn’t wealthy.

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