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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 10:35 am to KG6
Posted on 12/9/16 at 10:35 am to KG6
quote:
It's upper middle class to me. It's certainly a vast difference than lower middle class. But it's not the same stratosphere as a millionaire.
The income distribution in the upper tail is going to grow exponentially, but even if you're not elite, you're not in the middle class.
quote:
I'm in a 300k house, have a 33k and 24k car, pay daycare, 401k, insurance, and a hefty student loan bill. I'm not living extravagantly at all and maybe save 1200 a month (and not always). Now I admit bonuses have gone down and we'll make more like 180k combined this year, but we aren't by any means rich or "upper class" .
Try telling this to literally anyone in the middle class and they'll beat the shite out of you.
1
Posted on 12/9/16 at 11:08 am to slackster
quote:
Try telling this to literally anyone in the middle class and they'll beat the shite out of you.
What is the middle class? I think people spout off about the middle class all the time and people have varying definitions, which causes confusion.
There is definitely a huge lifestyle change from 60k to 200k, these are not near the same class IMO.
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