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middle class...
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... |
middle class...
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. |
middle class...
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... |
middle class...
On Thursday, October 2, 2014 9:53:45 AM UTC-4, Mr. Luddite wrote:
I'll have to work on figuring out what you are saying. Went over my head. That figures...since you are a dumbass. |
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middle class...
On 10/2/14 2:42 PM, KC wrote:
On 10/2/2014 1:06 PM, wrote: On Thu, 02 Oct 2014 12:25:07 -0400, KC wrote: On 10/2/2014 11:10 AM, wrote: 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 can't think of anywhere 20 miles from NYC that I would live. They almost had me up state, around Kingston but it was very lucrative job and I was looking at a real nice rural lot. I lived across the river from Endicott for a while but I turned down that job too. I was also offered Atlanta, Raleigh, Charlotte and Tucson. My ex wasn't interested in moving and if I was going to deal with that, I decided I would go for sunshine. She is still there, I am here. Well, then it sounds like you wouldn't be the guy I am talking about that lives in the city at 130 a year and struggles.... like I said though, for "that guy", there is a lot of options without giving up your job in the city... Living in New York City on $130k a year these days would be tolerable if you were single and didn't have any sort of fancy tastes. A large number of people with that sort of income live across the river in New Jersey. |
middle class...
On Thursday, October 2, 2014 3:56:16 PM UTC-4, wrote:
On Thu, 02 Oct 2014 14:00:40 -0400, F*O*A*D wrote: 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. Income is not really a very good measure of quality of life, even in the same area. A person who makes wise buying decisions and avoids a lot of unnecessary debt will live a lot better than a person who pays too much for things they don't really need and does it with borrowed money. Along the same lines, many people who are technically above the middle income, middle class line still consider themselves middle class. That's where they came from, and while they may be earning well above that imaginary mark, they are still living essentially the same as they used to. Yeah, they may not have to budget for that new set of tires, not worry about about a clothing budget, etc. But as their lifestyle naturally expanded in subtle ways, the money gets used up and after a while it doesn't feel like they are making that much more than they used to. While we've certainly spent some money along the way, my wife has always kept us grounded. We've socked away money for retirement. When that happens, if the SS checks are still around, they'll just be icing on the cake. |
middle class...
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