Reply to Study shows that 350k/year is barely scrapping by as middle class

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Reply to "Study shows that 350k/year is barely scrapping by as middle class"

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[quote=Anonymous][quote=Anonymous]The point is that $350k should be a comfortable UMC income.  Many people would even consider that rich.  But it doesn’t go nearly as far as one would expect.  That’s our exact income before bonuses.  We spend more on some things, less on others, but this isn’t too far off.  We have a lot of expenses to make life as two working parents, with long hours and travel, work.  We spent more on a house closer in vs having long commutes.  One of our kids requires expensive therapy and tutors.  We eat takeout way too often bc we get home too late to cook.  We have an after-school nanny to shuttle the kids to appointments and activities.  Sure, we could get rid of some of these “luxuries” but then one of us would have to cut back at work and our income would decrease.  It would be a different ballgame if one of us made $350k and the other SAH.  But there is a high cost associated with having both parents work at relatively high paying but not very flexible job.[/quote]

If you can max out retirement, minimize commute, pay for afterschool nannies and eat out all the time, that IS a comfortable UMC income.  What do you think comfort is?  Having a helicopter drop you at work?  [/quote]

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