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][quote=Anonymous][quote=Anonymous]It’s not a “stupid article.” It was vetted by FIRE proponents and they agreed with the estimates. As a family with HHI around $320K in NW DC, these estimates are spot on.

The trick is to get a job in DC or Boston, and then move to a LCOL area while continuing to telecommute with the same job. I have a few colleagues doing this and they are very happy, especially in the young kid years.[/quote]

What "middle class" neighborhood has a median home price of 1.6 million? It's definitely not Silver Spring, which is my definition of middle class in the DC area.[/quote]

I was just thinking this.  We live in Silver Spring, in a great house we paid $450k for 3 years ago.  Local elementary is excellent.  We paid $24k/year per kid for pre-school, but I'm under no illusion that it's essential.  We chose not to use the totally decent in-home daycare in our neighborhood for $800/month, and that's on us.

I love all these articles that are basically like, [b]if you make insanely expensive choices, you can spend a lot of money![/b][/quote]

Exactly!  But you can't tell the spendthrifts around here that they're their own problem.

"I bought 3 boats and now I've only got $5000 to get to my next paycheck!  Why don't myyyy kids get financial aid like those lucky poor kids??"[/quote]

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