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Reply to "31% of millionaires think they're middle class"
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[quote=Anonymous]1. What's your HHI and what do you consider yourself? $500k, I know we’re umc but I feel middle class in that every dollar is budgeted for right now and emergencies, while manageable, stress us out. This year alone we had $1200 in car repairs, $500 in emergency vet bill, etc. Its crazy but even a $200 dinner just isn’t in the budget most months so we have to watch every penny. 2. Do you feel poor, comfortable or rich? Why? Comfortable but stretched at the moment. We have a newborn and a two year old so preschool, a nanny and kid expenses are more than the mortgage on our (modest for DC) 1.3M home. I am hoping once we get out of the nanny years we will have some breathing room. We also save 25% of our income so I know the money is there, it’s just not cash we are touching. 3. What level would you need to achieve to feel "rich?" $600k - this would allow for more savings and disposable income for things like home improvements, vacations, and enjoying life. [/quote]
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