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re: Who is middle class? Their income is lower than you might think
Posted on 10/9/17 at 11:39 pm to GreatLakesTiger24
Posted on 10/9/17 at 11:39 pm to GreatLakesTiger24
Thanks. I'll be sure to pass this info along to my personal assistant.
0
Posted on 10/9/17 at 11:39 pm to Lima Whiskey
From a purely economic standpoint, I think you have to say "yes".
In my book, a family living on 60k is poor.
In my book, a family living on 60k is poor.
Posted on 10/9/17 at 11:41 pm to GreatLakesTiger24
Neither of your sources seam reliable, nor do they work
Posted on 10/9/17 at 11:42 pm to GreatLakesTiger24
Most middle class people in America are poor and mired in debt. If you have student loans, rent/mortgage, car payments, daycare/after school activities etc. 60k between 2 people is not enough to live a quality life in America.
My wife and I make a little over 130k in Nashville and I would say we are firmly in the middle of the middle class. After a mortgage, 275 a week for daycare, student loans, 2 car payments and savings there isn't a whole lot of residual income.
60k between 2 people is not middle class. That's poor if there are kids involved.
No wonder there is so much unrest in this country people just are not making enough.
My wife and I make a little over 130k in Nashville and I would say we are firmly in the middle of the middle class. After a mortgage, 275 a week for daycare, student loans, 2 car payments and savings there isn't a whole lot of residual income.
60k between 2 people is not middle class. That's poor if there are kids involved.
No wonder there is so much unrest in this country people just are not making enough.
Posted on 10/9/17 at 11:42 pm to GreatLakesTiger24
quote:
the typical household in 2016 had an income of $59,036
That’s rough. In LA though I could see it. Basically a Walmart cashier and a landscape boy.
Posted on 10/9/17 at 11:46 pm to tlsu15
quote:
Having said that, a single person with a college degree should be able to make about that income by themselves by the time they are in their late 20s or early 30s.
Yeah I'd sure hope so.
Posted on 10/9/17 at 11:47 pm to BhamDore
People are also stupid with their money. You don’t “need” cable, don’t “need” that new Chevy, don’t “need” to go out to eat, don’t “need” that 300-400k house, etc
It’s nice to have but think how much unecessary shite Americans buy.
In your case; $9500 a month is plenty of money if you lived like you made 80k a year.
It’s nice to have but think how much unecessary shite Americans buy.
In your case; $9500 a month is plenty of money if you lived like you made 80k a year.
Posted on 10/9/17 at 11:49 pm to GreatLakesTiger24
$60,000 pear year? I don't think there's anyway I could live on that with two kids in daycare and a house note.
Posted on 10/9/17 at 11:51 pm to GreatLakesTiger24
I don’t think that definition is useful.
If I’m writing policy, I don’t want to group middle income, but culturally working class families, with middle class families.
If I’m writing policy, I don’t want to group middle income, but culturally working class families, with middle class families.
Posted on 10/9/17 at 11:53 pm to GreatLakesTiger24
Median LA income in 2016 was 45,727.
Posted on 10/9/17 at 11:56 pm to SilverStallion
Cable is like $50, but I agree with the rest of your post.
60k baws and their new trucks is what kills me.
60k baws and their new trucks is what kills me.
Posted on 10/10/17 at 12:02 am to SilverStallion
Real estate and rent are expensive here. 300k to 400k house doesn't buy what it used to. We didn't buy until 2016 which was about 2to 3 years too late.
fricking daycare is ridiculous though. You can't avoid it if you don't live near any family. 1100 dollars a month for 1 child is robbery. It's not even that great of a daycare.
I don't see how people pay for multiple kids in daycare or private school.
fricking daycare is ridiculous though. You can't avoid it if you don't live near any family. 1100 dollars a month for 1 child is robbery. It's not even that great of a daycare.
I don't see how people pay for multiple kids in daycare or private school.
Posted on 10/10/17 at 12:09 am to BhamDore
Lol I don’t have kids yet but I see what you mean.
My post wasn’t meaning to call you out or anything but I know plenty of people who make 80k but live like they make 300k. It amazes me. Have a family member like this. They make about 130k a year but live like they make double that. Apple watches, iPhone 8, Mercedes, brand new Tahoe, always going out to eat, new shoes, season football tickets, etc. They stay broke 24/7 but bitch and complain when something breaks that they “don’t have any money”
My post wasn’t meaning to call you out or anything but I know plenty of people who make 80k but live like they make 300k. It amazes me. Have a family member like this. They make about 130k a year but live like they make double that. Apple watches, iPhone 8, Mercedes, brand new Tahoe, always going out to eat, new shoes, season football tickets, etc. They stay broke 24/7 but bitch and complain when something breaks that they “don’t have any money”
Posted on 10/10/17 at 12:10 am to TigerGrad2011
quote:
You have to be about $120,000 to be able to live middle class in Baton Rouge once you count having to pay for two kids to go to private school. 3 or more kids in private school and daycare and you're better off moving to Texas.
Some of you must be terrible with money. I live a pretty solid middle class life on a little less than that in the Seattle metro. And I have two kids.
Posted on 10/10/17 at 12:19 am to SilverStallion
I do buy a lot of electronics it's my one vice. I usually sell my previous phone, but I usually get 2 or 3 cellphones every year. I buy a lot of unnecessary connected home crap I really don't need.
Life is just expensive and working for only mere survival honestly doesn't feel like a life worth living.
If we were to cut our income in half that would essentially be all we would be able to do is survive.
Life is just expensive and working for only mere survival honestly doesn't feel like a life worth living.
If we were to cut our income in half that would essentially be all we would be able to do is survive.
Posted on 10/10/17 at 12:22 am to GreatLakesTiger24
God damn it I am poor as frick
Posted on 10/10/17 at 12:34 am to SilverStallion
quote:
Apple watches,
Only poors wear Apple watches, a real OT baller will wear Patek, Vacheron, AP and maybe Lange with a pedestrian Rolex, Omega or Panerai for times when they are overseeing the gardener.
Posted on 10/10/17 at 12:46 am to GreatLakesTiger24
quote:
the typical household in 2016 had an income of $59,036
so thats like, what ~$45-48k after taxes?
seems near impossible to raise a family with that - these numbers always shock me
Posted on 10/10/17 at 12:51 am to rockchlkjayhku11
Posted on 10/10/17 at 12:53 am to tlsu15
quote:
quote:
I couldn't imagine having a household income of $60,000 in 2017.
It's not hard to surpass this though. My wife and I made $72,000 in our first year of marriage and I dropped out of college with little skills. We are up to $85,000 only two years later and potentially looking to make an even larger leap in the next year.
South LA has a large uneducated working force making high wages because of the big business oil companies, but not everywhere is so fortunate. Having said that, a single person with a college degree should be able to make about that income by themselves by the time they are in their late 20s or early 30s.
Keep at it! The wife and I have seen 100k and 200k jumps in one year house hold income.
This post was edited on 10/10/17 at 12:57 am
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