Anonymous wrote:Almost makes you wonder how the majority of DC area families, with HHIs <$100K, manage to survive at all.
Anonymous wrote:Anonymous wrote:Anonymous wrote:“Poor” can be poor for different families. Yes but $400 k in DC area is poor as these schools are also very expensive like over $50,000 per year. And DC area has so much money…not sure how it is in NYC or LA private schools.
No, even in DC, $400,000.00 is not poor. Pop that bubble. Get some perspective.
Yes, she is writing from the perspective of someone who is not in the upper range of income (ie, poorer than) as compared to other families who are full-pay at private schools in the area.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think you may be overestimating some of the families' wealth at DC privates. I was shocked to read that Ketanji Jackson's net worth is "only" $2 million. She's early 50s and her husband is a surgeon, and her kids went to GDS. Very high prestige, not much wealth. Maybe they spent all of their money on tuition? I think there are a fair number of families like that at DC privates.
Do you truly believe that is their net worth?
I'm going by a recent article in Forbes (paywalled now) about the Supreme Court Justices' net worth. Hers is the lowest. Are you suggesting she hides wealth better than all of the other justices?
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think you may be overestimating some of the families' wealth at DC privates. I was shocked to read that Ketanji Jackson's net worth is "only" $2 million. She's early 50s and her husband is a surgeon, and her kids went to GDS. Very high prestige, not much wealth. Maybe they spent all of their money on tuition? I think there are a fair number of families like that at DC privates.
Do you truly believe that is their net worth?
I'm going by a recent article in Forbes (paywalled now) about the Supreme Court Justices' net worth. Hers is the lowest. Are you suggesting she hides wealth better than all of the other justices?
Anonymous wrote:Anonymous wrote:“Poor” can be poor for different families. Yes but $400 k in DC area is poor as these schools are also very expensive like over $50,000 per year. And DC area has so much money…not sure how it is in NYC or LA private schools.
As always, this is as nonsensical as claiming that millionaires are poor compared to billionaires.
Anonymous wrote:Anonymous wrote:“Poor” can be poor for different families. Yes but $400 k in DC area is poor as these schools are also very expensive like over $50,000 per year. And DC area has so much money…not sure how it is in NYC or LA private schools.
No, even in DC, $400,000.00 is not poor. Pop that bubble. Get some perspective.
Anonymous wrote:You are super rich.
Anonymous wrote:Anonymous wrote:Anonymous wrote:I think you may be overestimating some of the families' wealth at DC privates. I was shocked to read that Ketanji Jackson's net worth is "only" $2 million. She's early 50s and her husband is a surgeon, and her kids went to GDS. Very high prestige, not much wealth. Maybe they spent all of their money on tuition? I think there are a fair number of families like that at DC privates.
Do you truly believe that is their net worth?
I'm going by a recent article in Forbes (paywalled now) about the Supreme Court Justices' net worth. Hers is the lowest. Are you suggesting she hides wealth better than all of the other justices?
Anonymous wrote:Anonymous wrote:I think you may be overestimating some of the families' wealth at DC privates. I was shocked to read that Ketanji Jackson's net worth is "only" $2 million. She's early 50s and her husband is a surgeon, and her kids went to GDS. Very high prestige, not much wealth. Maybe they spent all of their money on tuition? I think there are a fair number of families like that at DC privates.
Do you truly believe that is their net worth?
Anonymous wrote:Anonymous wrote:I think you may be overestimating some of the families' wealth at DC privates. I was shocked to read that Ketanji Jackson's net worth is "only" $2 million. She's early 50s and her husband is a surgeon, and her kids went to GDS. Very high prestige, not much wealth. Maybe they spent all of their money on tuition? I think there are a fair number of families like that at DC privates.
Do you truly believe that is their net worth?
Anonymous wrote:Anonymous wrote:None of the private schools in the DMV are for the super-rich. That happens more in NYC, LA, etc. You would fit in at any of them.
Also in the 400k-range HHI with one child in a DC private school. I agree that it's not quite like NY or LA, but our daughter is definitely in the lower half of the family income range. The average student in her school has at least one biglaw partner (or equivalent) parent, and as a very rough ballpark, I'd guess that the median HHI in her school is 750K. Not a lot of "super rich," but definitely a good number of kids who have nice summer homes and the like. It's not a huge deal for her, but she's certainly ended up more friendly with the kids who are not from the richest families.