Reply to Why do so many affluent people insist they have "middle class" values?

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[quote=Anonymous][quote=Anonymous]This whole concept of faking "down" (middle class) rather than "up" (upper middle)  is sort of interesting. It feels like in DC most people are trying to look rich rather than middle class, particularly in affluent neighborhoods. I wonder how many wealthy people are hiding out in middle class neighborhoods - or alternatively how many people on affluent neighborhoods are barely scraping by. Seems like a lot of DC is about the perception of wealth. [/quote]

We work really hard, so we know that while our income is substantial, it doesn't come easy. It seems that a lot of people have a "there's plenty where this came from" mentality, as if they can sustain their income indefinitely. So they spend a lot of what they make. When their income decreases, they have no choice but to downsize everything. If we lived like that, we could probably be in a 5M home, not one that's 1/2 that price and paid off. We could probably drive 100k+ cars, rather than $40-50k cars. We could probably vacation in Europe, rather than a $1500 food and theater weekend in NY. We could shop a lot more at Tysons 2, than outlet malls. [/quote]

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