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re: What do you consider middle class?
Posted on 2/10/20 at 7:34 am to BestBanker
Posted on 2/10/20 at 7:34 am to BestBanker
It's gross, has to be. No one makes close to that in those brackets after the government is done stealing from them.
Posted on 2/10/20 at 7:35 am to slackster
quote:It honestly depends on where you live. If you live in New Orleans proper, you're going to struggle with a family of 4 on 120k (because you're most likely going to have to send your kids to private school, and shell out 400k+ to live in a home/area that is "safe").
Middle class is the middle quartile incomes. It's pretty straight forward.
The only reason the water is muddied is because a shite ton of this board was raised upper class and was told it was middle class, so their view is warped. People typically have no clue how many people are making it on far, far less than they are.
"The South" is too broad of a description. Most places in the South, you are good to go on 120k income, but there are a few places where it's not going to go as far.
Posted on 2/10/20 at 7:35 am to AUCE05
quote:
Pew research defines it from 45-135k. Depending what part of the country you live, that is enough to drop 19.5k in a fund and pay bills. So my assumption is not far off.
You know people making $50k/yr and saving $19.5k in a 401k?
Posted on 2/10/20 at 7:36 am to NIH
I like the old English definition of classes. Working class is anyone who has to work in some capacity to survive - obviously, there are varying gradients. Middle class is someone who doesn't have to work/owns their own enterprise, or at least can pursue whatever they please. Upper class are those who can do whatever they want, as can their children and grandchildren.
Which probably puts 90-95% of the population as working class.
Which probably puts 90-95% of the population as working class.
This post was edited on 2/10/20 at 7:37 am
Posted on 2/10/20 at 7:36 am to PUB
quote:
Amazon paid less than 2% on billions of profit
do you know why this is?
Posted on 2/10/20 at 7:36 am to EarlyCuyler3
I mean, public services are expensive. Roads, civil workers, education, etc. No one does that for free.
Posted on 2/10/20 at 7:36 am to Epic Cajun
quote:
It honestly depends on where you live.
To some extent, sure, but if you're making $150k in New Orleans, you're likely in a field you could make $100k elsewhere. Those people are below middle class in New Orleans by choice.
This post was edited on 2/10/20 at 7:37 am
Posted on 2/10/20 at 7:37 am to PUB
quote:
Amazon paid 1.2% versus 14% for average Americans.
Now go research why Amazon paid that rate. And other companies who pay similar rates during certain periods of time. I'll even give you a hint: losses carried forward.
And you want corporate taxes to be low. Any corporate tax increase is simply passed on to the consumer.
Posted on 2/10/20 at 7:37 am to SuperSaint
quote:
project and trailer park dwellers skew the mean
how do they skew it?
they only skew it if you want to pretend they're not people/households
...which was exactly my point
Posted on 2/10/20 at 7:38 am to SlowFlowPro
quote:
that means HALF the population has a household income sub-55k
What percentage of the population lives in the projects or on a farm in rural nowhere?
Take a place like Cobb County around metro Atlanta. Plenty of wealthy households, but plenty of poorer areas as well. The median household income in Cobb County is almost $80k.
Posted on 2/10/20 at 7:39 am to BestBanker
It is gross income.
What would be more interesting would be a chart of 25tu to 75th percentile by state.
What would be more interesting would be a chart of 25tu to 75th percentile by state.
Posted on 2/10/20 at 7:39 am to SlowFlowPro
quote:
how do they skew it?
they only skew it if you want to pretend they're not people/households
...which was exactly my point
Exactly. Low income homes don't skew shite. They're real.
Posted on 2/10/20 at 7:40 am to Centinel
quote:
losses carried forward.
that, insane R&D spending, and deducting stock options used as salary
Amazon does it right. they invest heavily in R&D and don't do stock buybacks with windfalls. they also weren't profitable until basically last year
Posted on 2/10/20 at 7:40 am to CivilTiger83
quote:
And a continuum between those two for places like Columbia, SC
Columbia is still cheap as shite to live. You can easily get a good sized house within 10 minutes of downtown for under 300k in a good neighborhood.
If you want a bit more of a drive but still 30 minutes or less, low 200s in new construction all over the place.
Posted on 2/10/20 at 7:41 am to SlowFlowPro
I read your quote wrong
Posted on 2/10/20 at 7:41 am to slackster
You are moving the goalposts. OP asked what does each individual consider MC. My opinion is saving for retirement and paying bills. There is behavioral component involved in the rankings. I provided research that supports my opinion. If you have evidence that contradicts what I posted, then link it and I will read.
Posted on 2/10/20 at 7:41 am to SlowFlowPro
quote:
that, insane R&D spending, and deducting stock options used as salary
Amazon does it right. they invest heavily in R&D and don't do stock buybacks with windfalls. they also weren't profitable until basically last year
But all that doesn't make for a nice sound bite to push your CORPORATIONS R TEH DEBIL narrative.
Posted on 2/10/20 at 7:42 am to Centinel
quote:
Columbia is still cheap as shite to live.
You can just feel the change coming, though.
First, the hordes blew up Charlotte. Then, Charleston became expensive as shite to live in. Now, Greenville is experiencing the wrath of transplants driving up the cost of living.
Posted on 2/10/20 at 7:43 am to Centinel
"Does it right" is perspective. Depends on how you look at it. I doubt their employees feel the same. I sure as shite wouldn't want to work for Amazon.
Posted on 2/10/20 at 7:44 am to AUCE05
quote:
My opinion is saving for retirement and paying bills
OP asked for middle class by income.
You said being able to pay your bills and max our your 401k.
You posted income ranges as low as 45k to support your point.
I'm pointing out that your original premise doesn't match those ranges at all.
Your own evidence doesnt match your original post.
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