Reply to To those who can't make ends meet on $250K, take note:

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[quote=Anonymous][quote=Anonymous]PP, I agree. We make $400K but you'd never know it. Nice but not extravagant house by any means, worth less than $800,000.  Honda and Toyota cars. One, one week vacation a year. We choose to save 40% of our income because we know the high salaries may not last forever.  DC is not really a place to show off wealth.[/quote]

Not sure what you do- but you could certainly 'afford' any number of luxuries at $400k a year. I know plenty in your bracket driving BMWs, living in $1.5m Lyon Village homes, sending kids to GDS etc. That is by all accounts a luxury life, and elements of that can be had at much less than $400k a year. Of course some folks are frugal, some spendthrifts, but you can find a balance and still enjoy some number of "luxuries" at most HHIs over in the mid-100s and higher.

We are in the high 200s and don't feel pinched a bit. I grew up in a HH with a high six to seven figure HHI most years in the 80s/early 90s. As two 30-somethings in the high 200s with one child, we feel completely comfortable; I can still partake in luxuries (travel, cars, private school etc) I grew up with, just at a more measured scale and a little more bean counting. The only debt I carry is a mortgage, but even debt service on a typical student loan would not be all that disruptive. We have good savings and robust retirement planning too, and live in an 850k home w/ 25% equity.

Did most of these griping posters grow up in small towns and perceive that sub-500k or "being rich" implied yachts, private jets, and vast estates? [/quote]

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