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re: 51% of 30 year olds make more than their parents did at 30;down from 92% in 1970
Posted on 12/9/16 at 11:19 am to Epic Cajun
Posted on 12/9/16 at 11:19 am to Epic Cajun
quote:
Middle Class: Paycheck to Paycheck to get all necessary goods to maintain a normal life and family
quote:
If you're barely making rent and driving around in 10 year old cars (because that's all you can afford), you are not middle class.
Nah. You are actually the very definition of middle class.
1
Posted on 12/9/16 at 11:22 am to Salmon
quote:
a middle class DINK couple will be able to afford more things than a middle class family of 5
Which is why the lifestyle that you can afford matters more than a dollar amount in regards to class, IMO.
Posted on 12/9/16 at 11:25 am to Epic Cajun
which is always the trouble with this topic
some people define it by lifestyle, while others define it by scale
I prefer scale because its the easiest and most consistent definition
too many variables as to why someone's lifestyle could be better or worse with the same salary
some people define it by lifestyle, while others define it by scale
I prefer scale because its the easiest and most consistent definition
too many variables as to why someone's lifestyle could be better or worse with the same salary
Posted on 12/9/16 at 11:27 am to Mr Wonderful
quote:
Nah. You are actually the very definition of middle class.
I guess our definitions of middle class vary.
Posted on 12/9/16 at 11:28 am to 50_Tiger
That is pretty true 
Posted on 12/9/16 at 11:30 am to Salmon
quote:
I prefer scale because its the easiest and most consistent definition
100k in Louisiana is different than 100k in California, though. So, although the number is consistent, the value of that number is not.
Posted on 12/9/16 at 11:32 am to Epic Cajun
quote:
100k in Louisiana is different than 100k in California, though. So, although the number is consistent, the value of that number is not.
right
and there are many other variables that could reduce or increase the value of that $100k
thus the reason why I believe defining the income classes by lifestyle is too inconsistent
Posted on 12/9/16 at 11:32 am to Epic Cajun
Take the average family of four earning a household income of say, $50-$60k a year. They're living paycheck to paycheck. Each parent drives 8-10 yr old vehicle (all they can afford). No vacations. No fancy dinners/clothes/etc. Basically, just getting by.
That's not middle class to you?
That's not middle class to you?
Posted on 12/9/16 at 11:33 am to Epic Cajun
Have you ever watched The Middle? I day they still are middle class and struggle with certain things.
I believe the middle class is very very broad and can encompass those living paycheck to paycheck and those living comfortably.
I think the upper class is small and relatively unattainable for most.
I think know the lower class is deceptively large. You don't see them because you don't drive down those streets. Or you don't see the rural country places where people live without electricity.
I believe the middle class is very very broad and can encompass those living paycheck to paycheck and those living comfortably.
I think the upper class is small and relatively unattainable for most.
I think know the lower class is deceptively large. You don't see them because you don't drive down those streets. Or you don't see the rural country places where people live without electricity.
Posted on 12/9/16 at 11:40 am to KG6
Middle class for a single person around here is probably $35-65k. For a family, maybe $50-150k combined. Over or under those numbers, you have experienced anxiety at the ATM, or you don't have a problem with necessary bills.
Posted on 12/9/16 at 11:41 am to Mr Wonderful
quote:
That's not middle class to you?
I guess that's lower middle to me. You aren't poor, but you aren't comfortable at all.
$12/hr is middle class? That's all you have to make if both parents are working and making a combined 50k.
Posted on 12/9/16 at 11:41 am to Epic Cajun
quote:
Which is why the lifestyle that you can afford matters more than a dollar amount in regards to class, IMO.
I mean I get what you're saying, but you can't really judge those outside factors when measuring this kind of stuff.
If you can't have kids because they'll cramp your middle class lifestyle, then you're not middle class. Obviously there is a limit on that though.
Posted on 12/9/16 at 11:45 am to KG6
quote:
. Or you don't see the rural country places where people live without electricity.
Yeah ok
Posted on 12/9/16 at 11:46 am to KG6
quote:
I think the upper class is small and relatively unattainable for most.
$180k combined income would qualify then.
Posted on 12/9/16 at 11:47 am to GetCocky11
My dad started work in 1960 fresh out of college with his B.S. (Engineering Physics) for $5,400 per year. That sounds outrageous...till you look at the CPI Inflation Calculator. That equates to about $44,000 per year now.
CPI Inflation Calculator
CPI Inflation Calculator
Posted on 12/9/16 at 12:00 pm to Epic Cajun
quote:
$12/hr is middle class?
I mean that's what the true "middle class" is. If your household income is more in the $75-$100k range, you're in the "upper class" of income earners. That's just what the data shows. A lot more people live paycheck to paycheck than most would believe.
Posted on 12/9/16 at 12:15 pm to KG6
quote:
. I think 200k is closed to middle class in that way than it is to a millionaire
If you're in the south then 200k is certainly upper class. Middle class families may take a vacation once or twice a year at most. I would probably draw the line at 130k combined for entry to the upper class.
This post was edited on 12/9/16 at 12:17 pm
Posted on 12/9/16 at 12:28 pm to Mr Wonderful
quote:
I mean that's what the true "middle class" is. If your household income is more in the $75-$100k range, you're in the "upper class" of income earners. That's just what the data shows. A lot more people live paycheck to paycheck than most would believe.
If you make $12/hr you are poor IMO. That might make me an a-hole, though.
Posted on 12/9/16 at 12:37 pm to GetCocky11
Well it will be a lot easier for their kids to do better than them!
(Somebody probably already said that, not reading the whole thread.)
(Somebody probably already said that, not reading the whole thread.)
Posted on 12/9/16 at 12:38 pm to 50_Tiger
quote:maybe if you're going to inherit your retiremenT
The frick??????
200k gets you half mil house / 2 50k cars / and a good bit of disposable income.
EASILY
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