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On 10/2/14 12:25 PM, KC wrote:
On 10/2/2014 11:10 AM, wrote:
On Thu, 02 Oct 2014 10:02:08 -0400, KC wrote:

On 10/2/2014 9:53 AM, Mr. Luddite wrote:
On 10/2/2014 8:50 AM, KC wrote:
One helpful yardstick to judge whether you're middle class: Median
household income was $51,017 in 2012, according to the most recent
U.S.
census data. Robert Reich, a professor of Public Policy at the
University of California-Berkeley and former Secretary of Labor, has
suggested the middle class be defined as households making 50 percent
higher and lower than the median, which would mean the average middle
class annual income is $25,500 to $76,500.

I am "guessing" the three most vocal "middle class" folks here (all
who
seem to own or boats worth a couple years income, and homes all
over the
country), are really "middle class"... no matter how much they insist
they are. Nothing wrong with being rich, but to try to assume you
struggle like "middle class" folks is comical...

I'll have to work on figuring out what you are saying. Went over my
head.

Just wondering where the bar is. Several here have noted that they are
in the "middle class" but I am not sure we are all on the same page as
to what is "middle class". Most rich folks I have known claim to be
"middle class", but I am pretty sure their def is different than mine.
So for the sake of conversation, when I say "middle class" I am not
referring to folks who made 6 figures during their working years... I am
talking about folks who are making between say, 40-80 in general upper
middle class might get you up to 100,000 a year. Of course there is
always the exceptions like NYC, etc...

I whole lot depends on where you live.
Even the government civil service has established salary corridors
acknowledging that it costs more to live the same in different places.
A family that is middle class in Southwest Florida would be close to
the poverty line in Hawaii and they would be doing great in Tennessee.

I am also not sure I agree with Ruben's definition of middle class but
I really do not agree with much that asshole says anyway. He was one
of the architects, along with Summers and Greenspan, of Clinton's bank
deregulation that almost brought down the financial system in 2009 .

I think I would say middle class is the median wage, down 25% and up
50% weighted by the cost of living where you are.
By Ruben's measure the lower end of middle class is on public
assistance.

Yeah, I noted NYC, and I know Hawaii is a bit of an oddity but if you
live in NYC and make 130 and are still struggling to maintain a "middle
class" lifestyle, maybe you "sacrifice a little", move out of the city
20 miles, buy a car and live like a king...

I think "middle class" is a tired-out descriptor with little accurate
meaning these days. Lower, middle, and upper income are more easily
definable and more easily adjustable for regional or geographical
differences.

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