Reply to Ok can we stop saying $300k is "rich" in DC?

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Reply to "Ok can we stop saying $300k is "rich" in DC?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]
300k a year IS rich.

Half that is middle class.

We earn 100K in HHI combined (family of 4) and while we are obliged to be careful, we cannot by any stretch of the imagination call ourselves poor. It's still middle class, and in some part of the country, that would make us rich!

[/quote]

Yes, you are lower middle class in DC. 300k looks rich to you because it's more than double your income, but it's not rich. Your perspective is skewed. People making 50k here are straight up poor. The posters harping that people making 50k are middle class are delusional. We have plenty of medical assistants in our clinic with hhi 50-60k. Their finances are miserable. Zero retirement, perpetual renters, and they work like dogs for their wages. They splurge now and then, probably so they don't go crazy. Does that sound middle class? [/quote]

Actually, yes.  This is how the vast majority of people in the US live, and those at the middle of the income distribution.  Even if the COL is low, you aren't maxing out your 401K at 50K/year.  People who are middle class generally have a roof over their heads, clean water, clothes to wear, and enough to eat, but they rent (or own a house much less nice than is deemed appropriate on this site), have no retirement, and work like dogs. [/quote]

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