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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default OT What is "middle class"

On 10/04/2010 11:10 AM, wrote:
On Sat, 10 Apr 2010 09:42:51 -0600,
wrote:

On 09/04/2010 11:33 PM,
wrote:

Is that $125k plus as some here say or is it less?


Depends on how you manage money. I have seen people live middle class
at $50k and others broke at $125K.

There is more to being middle class than what you make. It is also
about attitude and self dicipline.


I agree with that. The most "broke" people I know make over $100k but
they spend borrowed money like they make a million.


Yep. My little sister is like that. When life was good with two good
jobs they leveraged up to the 9's. We told them, now is the time to
solidify that wealth and pay off debt, not create more of it.

Now getting close to 50, and a huge mortgage on a dump when the last
recession hit. Set her back 30 years financially. But it is all our
fault. Typical liberal screwup will be working for a long time yet.

--
Liberal-statism is an addiction to other peoples money.