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Reply to "PSA: $250K family of 4 in the DMV area is not middle class"
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[quote=Anonymous][quote=Anonymous]I struggle a lot with these concepts. We put away a lot of money in 401Ks - the full amount. We put away a lot in 529s - enough to have them accounts be 200K at high school graduation. Which is not as much as some, but more than others. But mostly, we made the choice top put them in private high schools, luckily Catholic so not as expensive. But kid #1 cost us 100K. Kid 2 will be 140K. Full pay in cash. If we didn't have that, I'd 100% feel upper middle class. But because all our extra mnoey goes to savings/schooling, our daily lives do not feel upper middle class. That's the dictinction. [/quote] Oh good lord. Private school, saving that much for college, and fully funding 401ks is absolutely upper middle class. Some of you are ridiculously out of touch and you don't even know it. If "feeling" more UMC is important to you, knock back your savings a bit one year and go on a luxury vacation or somthing.[/quote]
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