Ive always thought of us as lower middle class. DH &i both have Masters degrees and are educators. DHs 6 children from 1st marriage all collEge educated but no Masters. Our 1st son almost through with his. He's an engineer already makes more than either of us ever has. 2nd son no college-poor life choices. We own home but have mortgage. Husband retired from education but must still work. We have insurance because of Medicare for him & my job. No real savings but I have a small retirement and he receives small pension. 2 cars 1 with a car payment. We are a few weeks away from real financial trouble if anything major happens. I haven't had a raise in 3 years, but thank God every day for my job.