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Reply to "Family of Four on 90k - An Upper Middle Class Existence"
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[quote=Anonymous][quote=Anonymous]Upper middle class starts at 300K, but think whatever you want. [/quote] I don't think SES can be determined on income alone. A household with a single earner making 200k a year that doesn't have childcare costs or student loans and bought a house 5 years ago is probably more comfortable than a dual income household of 300k with two kids in daycare, dual student loans, and a mortgage on a house bought in 2014. You have to look at the overall picture. That is why advice from someone who first invested in the real estate market over a decade ago and doesn't have childcare costs isn't particularly helpful for people who are even a few years younger and starting out in the DC area.[/quote]
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