Anonymous wrote:Uh.
We make $450ish (more like $410 last year) and it's pretty rich.
We live in a $1m+ house.
We do not typically think about, nor do we have to, groceries or gas or coffee or takeout or summer camp.
We haven't prioritized college savings, but we could pay cash, yes, even for a $70K school (we don't want to but we'll see).
We get new cars when we want them.
If we want to renovate or something, we would just pay cash or take a HELOC or stop contributing to one of the many many investment or savings accounts we have temporarily. This would feel BAD but it is a blessing.
If we aren't going to Europe this summer it's because it's our choice and we want to prioritize cash savings. It's not because we can't.
We are lucky and relatively, rich. In the upper-middle class no worries relative to others sense. And there are MANY families richer than us at our W school.
Get some perspective if you think 400K isn't well off. Unless you have 7 kids and 3 parents in assisted living that you pay for, you should be more than OK.
Anonymous wrote:Uh.
We make $450ish (more like $410 last year) and it's pretty rich.
We live in a $1m+ house.
We do not typically think about, nor do we have to, groceries or gas or coffee or takeout or summer camp.
We haven't prioritized college savings, but we could pay cash, yes, even for a $70K school (we don't want to but we'll see).
We get new cars when we want them.
If we want to renovate or something, we would just pay cash or take a HELOC or stop contributing to one of the many many investment or savings accounts we have temporarily. This would feel BAD but it is a blessing.
If we aren't going to Europe this summer it's because it's our choice and we want to prioritize cash savings. It's not because we can't.
We are lucky and relatively, rich. In the upper-middle class no worries relative to others sense. And there are MANY families richer than us at our W school.
Get some perspective if you think 400K isn't well off. Unless you have 7 kids and 3 parents in assisted living that you pay for, you should be more than OK.
Anonymous wrote:Uh.
We make $450ish (more like $410 last year) and it's pretty rich.
We live in a $1m+ house.
We do not typically think about, nor do we have to, groceries or gas or coffee or takeout or summer camp.
We haven't prioritized college savings, but we could pay cash, yes, even for a $70K school (we don't want to but we'll see).
We get new cars when we want them.
If we want to renovate or something, we would just pay cash or take a HELOC or stop contributing to one of the many many investment or savings accounts we have temporarily. This would feel BAD but it is a blessing.
If we aren't going to Europe this summer it's because it's our choice and we want to prioritize cash savings. It's not because we can't.
We are lucky and relatively, rich. In the upper-middle class no worries relative to others sense. And there are MANY families richer than us at our W school.
Get some perspective if you think 400K isn't well off. Unless you have 7 kids and 3 parents in assisted living that you pay for, you should be more than OK.
Anonymous wrote:Overall quality of life is decreasing for everyone, from the lower class to the upper class. Even though percentage wise this income puts you in the 97-99th, it doesn't feel that great because a top 3% lifestyle now is different from a top 3% lifestyle 50 years ago. Going down to the 90th percentile which is under 200k/yr, most families who make that are barely getting by. To really be comfortable nowadays you need to be in the top 0.5%, not even a 1% income feels that rich.