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Is a family of 4 that earns 97k/year middle class or upper class, on average?
Posted on 3/26/17 at 10:17 pm
Posted on 3/26/17 at 10:17 pm
what says the poliboard?
46
Posted on 3/26/17 at 10:17 pm to HailHailtoMichigan!
Where do they live?
Posted on 3/26/17 at 10:18 pm to HailHailtoMichigan!
Middle. Easy
Posted on 3/26/17 at 10:19 pm to HailHailtoMichigan!
Rural areas: Upper-middle
Other: Lower-middle
Other: Lower-middle
Posted on 3/26/17 at 10:19 pm to Navytiger74
quote:I said "on average" in the OP, which means if you account for all 50 states, is the 97k 4 person family more often upper or middle?
Where do they live?
Posted on 3/26/17 at 10:20 pm to HailHailtoMichigan!
upper
Posted on 3/26/17 at 10:22 pm to HailHailtoMichigan!
quote:Well that's a useless way to frame it, but I'll play along.
I said "on average" in the OP, which means if you account for all 50 states, is the 97k 4 person family more often upper or middle?
That's not "upper class" for a family of four in any population center in this country. And I'm talking even suburbs and outer-metros in the south.
Maybe, big maybe, in some rural areas where most of us have just never set foot.
Posted on 3/26/17 at 10:24 pm to HailHailtoMichigan!
Not upper class anywhere but extreme rural areas.
$97k/year = ~$5600/month after taxes.
Mortgage to live in a good school system ~1500/month
Car insurance ~250/month
Utilities ~250/month
Food for four ~1000/month
Gas for cars ~150/month
Phones for four ~150/month
Internet ~75/month
Necessities (clothes, haircuts, etc) ~100/month
TV/Entertainment ~$100/month
That's $3600 out the door for a typical middle class lifestyle leaving about $2000 for savings, retirement, college savings, vacations, incidentals, fun/dates, and any miscellaneous expenditures. No one in the upper class is having fun with only $2000/month.
EDIT - I didn't even factor in health insurance. How much does the employer provide?
$97k/year = ~$5600/month after taxes.
Mortgage to live in a good school system ~1500/month
Car insurance ~250/month
Utilities ~250/month
Food for four ~1000/month
Gas for cars ~150/month
Phones for four ~150/month
Internet ~75/month
Necessities (clothes, haircuts, etc) ~100/month
TV/Entertainment ~$100/month
That's $3600 out the door for a typical middle class lifestyle leaving about $2000 for savings, retirement, college savings, vacations, incidentals, fun/dates, and any miscellaneous expenditures. No one in the upper class is having fun with only $2000/month.
EDIT - I didn't even factor in health insurance. How much does the employer provide?
This post was edited on 3/26/17 at 10:25 pm
Posted on 3/26/17 at 10:24 pm to HailHailtoMichigan!
Alabama/Louisiana = upper middle class. California? Lower middle class.
Posted on 3/26/17 at 10:25 pm to StringedInstruments
quote:
Mortgage to live in a good school system ~1500/month
Well, that's where most people go wrong, too much house.
Posted on 3/26/17 at 10:26 pm to HailHailtoMichigan!
Depends on where they live.
Posted on 3/26/17 at 10:27 pm to AUsteriskPride
quote:
Well, that's where most people go wrong, too much house.
Then they aren't upper class. What's your point?
Further, in any respectable city, even the suburbs, $250,000 is about the minimum you'd pay to get into a good school system, which is something the middle class values.
Posted on 3/26/17 at 10:27 pm to Navytiger74
I agree it was useless the way he framed it. He must not understand COLAs.
Posted on 3/26/17 at 10:28 pm to HailHailtoMichigan!
Median income here is around 90, so that would be very middle class.
Posted on 3/26/17 at 10:29 pm to HailHailtoMichigan!
considering the fact that most people live in metro areas, i will say middle class.
you can't live an upper-middle class lifestyle on 97k in the vast majority of metro areas.
you can't live an upper-middle class lifestyle on 97k in the vast majority of metro areas.
Posted on 3/26/17 at 10:29 pm to HailHailtoMichigan!
Dirt poor, barely scraping by according to most people on this board.
Posted on 3/26/17 at 10:29 pm to RogerTheShrubber
For the record, i want y'alls input because someone in another thread said 100% of middle class americans qualify for obamacare subsidies, and the cutoff is 97k for a family of 4.
Posted on 3/26/17 at 10:30 pm to HailHailtoMichigan!
Are they papist filth like me?
Posted on 3/26/17 at 10:31 pm to HailHailtoMichigan!
middle class for sure
Posted on 3/26/17 at 10:33 pm to HailHailtoMichigan!
quote:
upper class
LOL
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