I thought about this article the whole time while I was reading through the thread, glad I could dig it up!
http://www.salon.com/life/feature/2008/05/14/mooney
I identify upper middle, and I am pretty sure that my mom and step-father (who I lived with from 9-18) were rich. And, aside from the time difference, it's pretty apples to apples as we lived in the same area that I do now.
They had a sprawling 5 BR ranch on five acres in the best town in our county. (Super high property values that have held steady even thru this crisis). We have a 3 bedroom house one town over where it's more reasonable. My sister went to private school that we'll never be able to afford. They owned several horses--I'm just looking at riding lessons now and not sure how we'll make it happen. My mom did not work and my stepfather owned his own business. They are very financially conservative and were definitely NOT living on credit. DH and I both work out of the home. The money is just not there, and I pretty much agree with the article above as to where it's gone. Many of the burdens have been put back on the middle class, as far as rising health care and living expenses.
I had a pretty heated debate with my mom, as her expectation is that we are or one day will be rich--and I told her at this point, I am only interested in both of us working less--and if less $$ is the corollary we'll have to figure it out. I should add, we have a good life, and I know it. For me it's just more frustrating as we too, have family expectations, that we'll be able to visit my parents in another state several times a year--and it's like they have no sense of the reality of what it takes out of our budget to do that. Or that we even have a budget!
http://www.salon.com/life/feature/2008/05/14/mooney
I identify upper middle, and I am pretty sure that my mom and step-father (who I lived with from 9-18) were rich. And, aside from the time difference, it's pretty apples to apples as we lived in the same area that I do now.
They had a sprawling 5 BR ranch on five acres in the best town in our county. (Super high property values that have held steady even thru this crisis). We have a 3 bedroom house one town over where it's more reasonable. My sister went to private school that we'll never be able to afford. They owned several horses--I'm just looking at riding lessons now and not sure how we'll make it happen. My mom did not work and my stepfather owned his own business. They are very financially conservative and were definitely NOT living on credit. DH and I both work out of the home. The money is just not there, and I pretty much agree with the article above as to where it's gone. Many of the burdens have been put back on the middle class, as far as rising health care and living expenses.
I had a pretty heated debate with my mom, as her expectation is that we are or one day will be rich--and I told her at this point, I am only interested in both of us working less--and if less $$ is the corollary we'll have to figure it out. I should add, we have a good life, and I know it. For me it's just more frustrating as we too, have family expectations, that we'll be able to visit my parents in another state several times a year--and it's like they have no sense of the reality of what it takes out of our budget to do that. Or that we even have a budget!








They aren't easily pigeonholed. Neither are we. They've always lived very modestly. In their early years as doctors they worked as rural family practicioners and occasionally got paid in fresh chickens or a pie instead of cash. 
Sure don't feel upper middle class, though. By the time we pay our mortgage and DS's daycare bills, we don't have a whole lot of money left over for the regular monthly bills. Plus, we live in a high COL area, so we don't get much bang for our buck.
I have years of experience. So does my dp....he grew up helping his mom sell tamales on the streets in Dallas. We both have good work ethics because of how we grew up.
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