I would say that we are 'well-off', but not 'privileged,' exactly, at least in an American sense. In a world sense, absolutely.

My family makes six figures a year, but both of my parents work their asses off to do it. My dad works on most weekends and about 10 hours a day, in addition to umpiring baseball during half the year at night. My mom does accounting for a non-profit company. I think that's the difference between 'well-off' and 'privileged'. People that are well-off make quite a bit of money, but work hard for it. Those who are privileged just get output regardless of input.

We live in a four-bedroom house in a fairly nice part of town, that cost us about $140,000 eight years go when we bought it.

I'd say a stereotype that bothers me would be that white people who make a lot of money are simply byproducts of some sort of good-ole-boy system. Which isn't true at all, in our case.

My dad came a long way. He's from a typical hick family, and was the first person in his family to graduate from college. Pretty much all of my mom's side went and graduated from college. My grandfather is a finished dissertation away from a doctorate. We've had some rougher times as far as finances go as a family, but my mother's parents have saved so much that we were always able to borrow from them. There's no real need for that, anymore.

So, I would call myself 'well-off'. I've paid for most of my assets myself (albeit through graduation gifts from my mother's side of the family), but my parents cover my living expenses. My school costs $30,000 a year, but I don't have to pay for most of that because of scholarships.