Reply to Poverty level is $140,000 for a family. Really.

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Reply to "Poverty level is $140,000 for a family. Really."

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[quote=Anonymous][quote=Anonymous]What? We (fam of 4) live outside of DC and our HHI is 160. We have no debt other than mortgage, own two Subarus, never feel stretched too thin to buy any expensive  groceries or toys or kitchen gadgets we might want or need,  and travel to Europe every summer. I highly doubt that we are just barely over the poverty line. [/quote]

How'd you get to that point?  Did you make and save money for cars and a home down payment before kids? Do you still need full-time child care?  I thought his numbers for childcare, housing, food, transportation, healthcare, and other essentials were spot on for our family of 4.  We spend more than $140,000 to live what most people would describe as a prudent lifestyle, because, in addition to the costs he listed in his article, we also travel, save for college, save for retirement, and let our kids participate in local activities.  We live what most would consider a prudent middle-class lifestyle on a budget of $220k: we drive cars like Subarus, home is not fancy, kids go to public school, we mainly hit Costco for food and essentials, and we take one trip a year, usually domestic.   Any less than that, we'd have to give up saving for college or retirement, or taking one trip a year.  
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