Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:"Your mother and I are rich. You have nothing."http://www.youtube.com/watch?feature=player_embedded&v=rO35dhxNjYI
Or, more helpfully, this interactive graphic from the NYTimes may help you (go to the components of class tab)
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html
I usually give a variation of this response to my 7 yo when he asks, if we are rich? But I also ask why she wants to know.
I can't imagine what it would feel like to hear from my parents that they had everything and I had nothing (we're rich, you're poor? really).
Our kids stand to inherit a millions of dollars. But they'd never know it and they wouldn't learn it by googling the value of our house versus their friends houses (as another pp suggested). Lots and lots of their friends live in far nicer houses and drive nicer cars. But our kids certainly feel comfortable to ask us for certain opportunities, be it traveling abroad at spring break or getting tutoring help in French.
Give me a break, a 7 yo does not plan vacations or make decision about tutors.
My kids are in high school and college. Only parents of 7 yr olds can answer? So many rules. And, btw, why are you so angry?
Anonymous wrote:Anonymous wrote:Anonymous wrote:Anonymous wrote:"Your mother and I are rich. You have nothing."http://www.youtube.com/watch?feature=player_embedded&v=rO35dhxNjYI
Or, more helpfully, this interactive graphic from the NYTimes may help you (go to the components of class tab)
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html
I usually give a variation of this response to my 7 yo when he asks, if we are rich? But I also ask why she wants to know.
I can't imagine what it would feel like to hear from my parents that they had everything and I had nothing (we're rich, you're poor? really).
Our kids stand to inherit a millions of dollars. But they'd never know it and they wouldn't learn it by googling the value of our house versus their friends houses (as another pp suggested). Lots and lots of their friends live in far nicer houses and drive nicer cars. But our kids certainly feel comfortable to ask us for certain opportunities, be it traveling abroad at spring break or getting tutoring help in French.
Give me a break, a 7 yo does not plan vacations or make decision about tutors.
Anonymous wrote:Anonymous wrote:Anonymous wrote:"Your mother and I are rich. You have nothing."http://www.youtube.com/watch?feature=player_embedded&v=rO35dhxNjYI
Or, more helpfully, this interactive graphic from the NYTimes may help you (go to the components of class tab)
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html
I usually give a variation of this response to my 7 yo when he asks, if we are rich? But I also ask why she wants to know.
I can't imagine what it would feel like to hear from my parents that they had everything and I had nothing (we're rich, you're poor? really).
Our kids stand to inherit a millions of dollars. But they'd never know it and they wouldn't learn it by googling the value of our house versus their friends houses (as another pp suggested). Lots and lots of their friends live in far nicer houses and drive nicer cars. But our kids certainly feel comfortable to ask us for certain opportunities, be it traveling abroad at spring break or getting tutoring help in French.
Anonymous wrote:Interesting.
I always thought class was more related to your educational background. My husband grew up thinking it was all to do with manners
Anonymous wrote:Anonymous wrote:"Your mother and I are rich. You have nothing."http://www.youtube.com/watch?feature=player_embedded&v=rO35dhxNjYI
Or, more helpfully, this interactive graphic from the NYTimes may help you (go to the components of class tab)
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html
I usually give a variation of this response to my 7 yo when he asks, if we are rich? But I also ask why she wants to know.
Anonymous wrote:Anonymous wrote:To the two PP's, you realize that $300K and above are top 1% of the income earners nationwide and $365K is the top 1% of the income earners in the DC metro area.
So, how do you consider $100-999K or $450K middle class? What are the middle of? Middle of the wealthiest earners in the nation?
Just because the out of touch Congress (of whom, virtually all are multi-millionaires) was only able to get consensus to tax the $450K and above HHI earners the highest tax bracket, doesn't make them the only ones above middle class. It makes them the highest tax bracket of the income scale, nothing more. It doesn't change the definition of middle class.
Two top of the scale GS-15s make, what, $310K a year. It may be top 5% nationwide but it's not rare nor wealthy here.
Anonymous wrote:To the two PP's, you realize that $300K and above are top 1% of the income earners nationwide and $365K is the top 1% of the income earners in the DC metro area.
So, how do you consider $100-999K or $450K middle class? What are the middle of? Middle of the wealthiest earners in the nation?
Just because the out of touch Congress (of whom, virtually all are multi-millionaires) was only able to get consensus to tax the $450K and above HHI earners the highest tax bracket, doesn't make them the only ones above middle class. It makes them the highest tax bracket of the income scale, nothing more. It doesn't change the definition of middle class.
Anonymous wrote:Anonymous wrote:I would tell my kid, "YOU are poor, because you have no money. When you're old enough to earn money, you can decide if you are poor, rich, middle class. Until then, as long as you have what you need, and you do, don't worry about my and your dad's money."
How nurturing.
Anonymous wrote:"Your mother and I are rich. You have nothing."http://www.youtube.com/watch?feature=player_embedded&v=rO35dhxNjYI
Or, more helpfully, this interactive graphic from the NYTimes may help you (go to the components of class tab)
http://www.nytimes.com/packages/html/national/20050515_CLASS_GRAPHIC/index_03.html