Reply to Why are DCUM salaries so much higher than in "real life"?

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Reply to "Why are DCUM salaries so much higher than in "real life"?"

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[quote=Anonymous][quote=Anonymous]This board is dominated by in DC, close-in suburbs, and relatively close-in ‘burbs. So mostly Mclean, Arlington, Bethesda, Chevy Chase, NW and NE and Capitol Hill dc.  That means you are commuting to somewhere within the downtown DC sphere- or the DOD or NIH- and that’s a very specific type of person with dual college education and likely advanced degrees double income couples. That is not normal to the rest of the country. Add in the inherited UMC and UC money and you get a fairly high net worth set of individuals.

I didn’t grow up with money as my family had financial difficulties, but I went to private school and university with these people. When I started posting on DCUM for help with my budget after my first child 8 years ago our household income was $250 dual. It is now $450 hhi. This was from both myself and my partner working our tails off. We also received a $200k gift and borrowed to it a down payment on a house. Between all the savings and the gift, we are now at ~$1.9-2 net worth, with about $700k in retirement, and paid off $100k of student loans via cash flow, and childcare . I think many couples in my neighborhood have their parents do things like sell thier family home to them, or free childcare, etc. etc. If one or both income earners get into high paying jobs, then you continue the process for the next generation etc.

What I’m worried about though is that the democracy that has resulted in the world biggest wealth production is straining. So I’m not feeling comfortable even with this level of income security. It hurts to see how bad gas prices are for service workers, and [b]someday that could be me. Life is not predictable. [/b]
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It all is so nuts. I was so lucky to have been born with the privileges that got me where I am today. I just as easily could have been born into a family who is struggling. Or things might change and our luck runs out in the future. 
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