|Middle Class Values|
|Income||$81,000||Lower, since we're retired|
|Mortgage||$17,600||mortgage paid off|
|Home Size||2300 sq ft||Yes|
|Car cost per year||$12,400||Lower|
|College Savings per year||$4,100||Higher|
|Number of earners||1.76||0.5 (1 person part-time)|
|Debt||18% of income||zero debt|
Overall, I would assess our family as being middle class. The only number that didn't seem correct to me was the value for living expenses (utilities, clothing, food, entertainment. etc). A cost of $1,200 per month for living expenses seems low for a family of four making $81,000.
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This is not financial advice. Please consult a professional advisor.
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