Reply to Where do you draw the line between upper middle class and upper class?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]https://www.yahoo.com/finance/news/line-between-middle-class-upper-110130857.html

Varies by state.[/quote]

I love that you provided actual data.

Short version - upper middle class ends around 200k in DC/MD/VA (175 in Virginia as whole, NoVa would probably be closer to 200k)

[/quote]

You think people making over $200K in DC/MD/VA are upper class? Absolutely not.

If you have to use salary to figure out where someone is, they're not upper class. [/quote]

+1. Our HHI is 415k and we are broke. Broke as in proper savings, living on tight budget, rarely eating out, simple beach vacations, frugal shopping etc.[/quote]

Broken in common sense too.  If you are on a tight budget at your income you've messed up somewhere along the lines.[/quote]

20k a month might sound like an awful lot to someone in Ames Iowa but it doesn't go very far in DC when 8Kmortgages are common, you have four kids to put through day care and college, you have  car payments for a couple Hondas and insurance all while trying to save aggressively....[/quote]

$8k mortgages are not common
4 kids is not common

Both are choices [/quote]

DP. Eight thousand dollar mortgages in a HCOLA is extremely common. These are high earners and blowing the same on rent is ill advised. Real Estate is a long hold. It's not a flex as much as how do you best manage your income.[/quote]

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