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What do you consider as Middle Class in America today?
Posted on 1/14/16 at 11:50 am
Posted on 1/14/16 at 11:50 am
As far as I know, this is not clearly defined. Do you consider yourself middle class? I do, but mainly because student loans prevent us from getting ahead. Wife and I make around 120k/year; would this put us as middle, upper/middle?
Growing up, I thought my family was middle class, but looking back we would probably have been defined by the government as poor or near poverty. We were happy though, good family and good memories. I now make almost 3 times as much as my father made at the highest point in his career. I say this because I don't feel middle class, I feel poor because of debt and the drastic steps we are taking to try to pay it off.
I'm sure others who make a lot also feel middle class (or worse). An article about the state of the middle class in America had me wondering whether the middle class ideal really is dying.
Growing up, I thought my family was middle class, but looking back we would probably have been defined by the government as poor or near poverty. We were happy though, good family and good memories. I now make almost 3 times as much as my father made at the highest point in his career. I say this because I don't feel middle class, I feel poor because of debt and the drastic steps we are taking to try to pay it off.
I'm sure others who make a lot also feel middle class (or worse). An article about the state of the middle class in America had me wondering whether the middle class ideal really is dying.
10
Posted on 1/14/16 at 12:17 pm to AnonymousTiger
You are middle class. Once you're debt free, you will be well on your way to upper middle class.
Posted on 1/14/16 at 12:30 pm to AnonymousTiger
quote:
Wife and I make around 120k/year
quote:
As social classes lack clear boundaries and overlap there are no definite income thresholds as for what is considered middle class. Sociologist Leonard Beeghley identifies a male making $57,000 and a female making $40,000 with a combined households income of $97,000 as a typical middle-class family.[31] Sociologists William Thompson and Joseph Hickey estimate an income range of roughly $35,000 to $75,000 for the lower middle class and $100,000 or more for the upper middle class. Many social scientists including economist Michael Zweig and sociologist Dennis Gilbert contend that middle class persons usually have above median incomes.
Posted on 1/14/16 at 12:33 pm to AnonymousTiger
I think middle class would vary by region. Middle class in california is going to start over 100k. While 100k in ruston is going to be rich.
But I would say the middle is the middle 50% of households. If you look at household income that makes it roughly 25k-95k.
LINK
But I would say the middle is the middle 50% of households. If you look at household income that makes it roughly 25k-95k.
LINK
Posted on 1/14/16 at 12:52 pm to AnonymousTiger
It depends. How many & what types of Yeti products does your family possess. Yeti Ice chests = upper. Yeti koozie/rambler middle.
Posted on 1/14/16 at 1:05 pm to AnonymousTiger
I think a good way to look at it is to subtract debt payments from income. If you make 100k a year but have 40k in debt payments you fall squarely into the middle class. 100k with a thousand dollar a month house note and paid off vehicle? Upper middle
Posted on 1/14/16 at 1:31 pm to AnonymousTiger
All about how much you spend
Posted on 1/14/16 at 2:50 pm to AnonymousTiger
Its a relative term. Me and my wifes combined income puts us in middleclass but based on how we have to manage our money in order to have any luxuries id say we are upper level poverty
Posted on 1/14/16 at 4:47 pm to AnonymousTiger
I make around 50k a year, and am not hurting for money. I'm able to live well, fill up an IRA and other company savings account each year, and have started putting away money for a house. I'm only 27, but I feel like I'm solidly in the middle class currently. Once I pass that damn CPA, I'll be moving on up.
Posted on 1/14/16 at 7:57 pm to AnonymousTiger
quote:Middle 3 quintiles.
What do you consider as Middle Class in America today?
This post was edited on 1/14/16 at 7:58 pm
Posted on 1/15/16 at 4:42 am to AnonymousTiger
quote:
I don't feel middle class, I feel poor
In general, many of the things we "need" were "wants" many years ago- or even "wishes."
Cell phones, air conditioned cars, and so on. Our "modest" houses are 2000 or 3000 sq ft whereas most of us grew up with parents and siblings in less than 1500 sq ft.
We have more resources, but we have way more "stuff".
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