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

Forum Index » Money and Finances

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][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]

"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]

Yep.  It's not like just because your job is in NW DC you have to live there!  There's a lot of variation of cost in a HCOL and people have--and make--choices. That's being middle class.  The budget he presents that you feel is spot on is what happens if you keep making expensive choices--I'm going to live in NW DC AND have a car AND go on multiple vacations each year WHILE I still have young kids in daycare that's expensive because I chose to live in NW DC. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics