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Reply to "What do you consider rich vs UMC?"
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[quote=Anonymous][quote=Anonymous]Can we not with the salary? We made 236k last year. Live in a 400k house and have 4 kids and are squarely middle class. In fact some people might consider us lower middle class. There are several variable involved. How much you make. How many kids. Family money. Assets. [/quote] You are not middle class if you made nearly a quarter-million dollars last year. This is one of my least favorite things about the DMV - all the upper middle class folks bemoaning how "poor" they are. If you're lower middle-class with only payments on a $400K house and $236K in income, you're doing something wrong. If you're sending your four kids to sports/music lessons or saving for their education or your retirement, you're not lower middle class. Your argument basically seems to be that it doesn't matter how much money you make, it's how you spend it. People having spending habits that don't allow for savings or an increase to net worth doesn't make them lower middle-class, it makes them bad with money. You blow your money on kids, others blow it on cars that cost more than some houses and international travel. If you have the money to pay for those things, you're not lower middle-class.[/quote]
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