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way OT: A what point do you become middle class?
IF your following the debates about trumpcare, (TYT youtube) the middle class is very important to those in power, but that's never defined, so at what point do you become middle class? i suspect it's when above the $250K income level or can join a PAC and contribute to the influence. ron reagan always talked about the mid class but his tax breaks started at $125k and above. i was happy making $35k and could afford the first serotta. i asked an ex-girl friend and she said i didn't have to worry cause i had no class. so where's the middle? kind of like asking when does middle age start? at the 2nd wife i was told. enjoy
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#2
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When you buy Ultegra level specialized bikes?
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Boom, end of discussion
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According to Investopedia, as of 2014, you entered the top 10% of annual income when your income hit $133,000. That $250,000 annual income you mention put you in the top 5%.
Since you're at the top, not in the middle, at those income levels, you're not middle class unless you're below them. Considering that median household income levels for dual earner families are around $67,000, perhaps considerably below them. |
#6
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middleclass at 250k dollars
Im glad i dont live in US i would be considered a wellfarecase, with strangely nice bikes tho |
#7
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when you shop at Costco.
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It depends upon where you live.
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#9
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The middle class in the US has a fork in it.
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Even in SoCal, 250k puts you in the upper class, IMO. And by Upper class, you can afford a home in a decent neighborhood and not worry too much about things.
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Quote:
Feels weird when so many have so little in the usa. Sadly the gaps are widening here as well. Last edited by tuscanyswe; 07-02-2017 at 02:21 PM. |
#12
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Quote:
$250K is definitely upper class. The upper 5% is about right. |
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Quote:
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I wonder how many of the high earners are also up to their eyeballs in debt. That's a factor as well.
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#15
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[QUOTE=rnhood;2197775...that a $50k income (dual earner family) would be considered middle class except maybe in high cost cities like NY or SF. [QUOTE]
you can add AUS to that list... you can buy a nice 1200 sf fixer-upper in my 'hood for $500K. |
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