Anonymous wrote:Anonymous wrote:Anonymous wrote:I have seen vacations mentioned several times on this thread. I'm genuinely curious: What constitutes an "average vacation?" How would you describe a fancy/luxurious vacation?
At my kids' school, they have winter and spring breaks that are at least 2 weeks long to allow families to travel to Europe and other faraway places. A few families have yachts so they "need" the extra sailing time. Others have vacation homes or rentals in places like Jackson Hole, WY so they can spend the break skiing. I could go on and on but going to Florida or Disney World is pedestrian for these families.
So MOST families at your child's school take winter or spring break vacations to Europe? Is this an international school or a regular private school? Are they also flying by private jet?
Anonymous wrote:We are considering private school for our two DD starting in 6th grade, but worry that she'll feel out of place because our HHI is $250,000.
(The grandparents -- who lived modestly but are now doing well thanks to their investments -- would fund the tuition.)
DH and I are both attorneys from top public universities, and I work part-time.
At my workplace, I know quite a few people who send their kids to private school. They seem to have quite a bit more money than we do.
For us, because we're happy with our public schools in Bethesda, it is not essential to move to private, but we think it would be a great opportunity for our daughters.
Our cards are Hondas (2007 and 2003), and our vacations are pretty average. Our daughter loves to host school friends at our house for playdates and sleepovers, but that's because most of our neighbors have small Cape Cods like we do. I'm worried that, if her peers had substantially nicer houses, she might feel reluctant to invite them over. And the house does not have a lot of room for entertaining anyway. I worry that my DDs might not make a lot of friends if they are not willing to reciprocate with playdates/sleepovers, etc.
I welcome the thoughts of anyone who is in this situation, or whose child may have a friend in this situation. Thank you.
Anonymous wrote:All this focus on hhi is totally off...For privates it is all about wealth. And not just net worth but liquidity. I know several parents at a top 3 who probably have sub $100k hhi but are $2-5 million+ liquid. That's the more typical big 3 lifestyle.
Anonymous wrote:Anonymous wrote:Kids do notice these things. At my private school we all knew what everybody's parents did, from the VPs at the local company to the restaurant owner to the FA kid of actor parents. My school had a boarding component and when a Guggenheim grandchild pulled up in a chauffeured car,you better believe everybody noticed. Another kid also pointed out to me that my parents were among the few who weren't divorced (which I hadn't noticed, but it was true).
Did the professions or wealth of the parents affect your social life in a negative way? Or was it just one element in mix of traits people noticed?
Anonymous wrote:What's wrong with being with a bunch of rich people that brag? That's life, there will always be the haves and have nots, people who have more, who are smarter, who get more things than they deserve and will treat you like the poors. There are rich kids in public schools too. This kind of anxiety over being poor (I mean upper middle class) is crazy. It'll build character