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re: What do you consider "Upper Middle Class"?
Posted on 3/18/14 at 8:55 am to Salmon
Posted on 3/18/14 at 8:55 am to Salmon
quote:
Class is less about a set income amount than it is about the nature of your work.
uh no
Uh, yes. Usually, certain jobs earn you more money than others, which is why some are "middle class" jobs and others are "working class" jobs.
There is a reason it's called "socio-economic status" and not just "economic status".
0
Posted on 3/18/14 at 8:57 am to bayoudude
quote:you can buy a mcmansion in the suburbs of NYC on a 350k income and youll get better schools, roads, lower crime, etc.
Which is crazy to me since those "cheapest" homes in NY wouldn't be considered livable by most on here yet could buy you a McMansion in most LA suburb neighborhoods.
quote:yea, i completely disagree, but to each their own
Quality of life $ for $ is much greater down here IMO.
This post was edited on 3/18/14 at 8:58 am
Posted on 3/18/14 at 8:57 am to Epic Cajun
quote:
The accountant making 80k is higher on the "class scale" than the uneducated oil field worker making 100k.
not in my book.
Posted on 3/18/14 at 9:01 am to Pilot Tiger
quote:
yea, i completely disagree, but to each their own
If I had one brother in jail and another in DC, I'd get the one out of DC first. But, as you said, to each his own.
Posted on 3/18/14 at 9:03 am to CadesCove
quote:there are some truly great towns in the surrounding areas that are ideal for raising a family
If I had one brother in jail and another in DC, I'd get the one out of DC first
Posted on 3/18/14 at 9:10 am to Pilot Tiger
I have a cousin that lives in N VA & owns his own highly successful company. His wife commutes to DC most days and works as a lobbyist. Fun to visit, but there's no way I would want to live there. It just doesn't suit my lifestyle & I know I would be miserable living there.
Posted on 3/18/14 at 9:10 am to CadesCove
BTW, I find it interesting that everyone wants so much to call themselves middle class or upper middle class that they will try to change the definition as much as possible so that it's advantageous to them.
Fact of the matter is that there is much more to socio-economic status than money. Once you realize that you'll be better off.
Fact of the matter is that there is much more to socio-economic status than money. Once you realize that you'll be better off.
Posted on 3/18/14 at 9:11 am to Sophandros
You can't buy class, and you have to earn status.
Posted on 3/18/14 at 9:13 am to CadesCove
quote:i dont know what kind of lifestyle you like, but FWIW I know people who live on acre lots in "the country" and they hunt, fish, and all that stuff
It just doesn't suit my lifestyle & I know I would be miserable living there.
Posted on 3/18/14 at 9:19 am to VABuckeye
quote:
Compared to Baton Rouge? I think the real estate values don't compare at all.
There's a lot more cost of living than real estate values. And I didn't say any borough of NYC "compared" to BR.
CNN's cost of living calculator says that $150K in BR is equal to $250K in Queens and $285K in Brooklyn. That's a bit off the $350K quoted earlier. It does appear that the number is true for Manhattan.
Posted on 3/18/14 at 9:25 am to Sophandros
quote:Yes. That is an appropriate refinement.
If we're using the 300% of median rule, then I'd add amend it to "300% of median in your area".
Posted on 3/18/14 at 9:54 am to urinetrouble
quote:
There's a lot more cost of living than real estate values.
Oh, I certainly understand that. Remind me, what's the cost for a parking space in Baton Rouge?
Posted on 3/18/14 at 9:58 am to Bullfrog
$150K in Louisiana (and in most places) is easily upper middle class. I know what I have and I know how I live, and I know that most around me aren't doing the same. Of course, maybe they are smart and save some of their money. I constantly feel broke.
Posted on 3/18/14 at 10:06 am to RBWilliams8
quote:
Posted by RBWilliams8 80-100k middle class 120ish-150k upper middle 150-200k well off 200-300k upper class Something close to these figures.
My fiancé and I, 27 and 29 would be "well off" by this definition. My father would be over double the bottom level of your upper class threshold.
This cannot be based on annual income alone, accumulated wealth needs to be factored in there.
Posted on 3/18/14 at 10:08 am to dante
quote:
a married couple making $125,000 would fall into the 75%
We gross ~ $150k... but I dont feel 'Upper Middle Class'
Posted on 3/18/14 at 10:09 am to Larry Gooseman
quote:
Posted by RBWilliams8 80-100k middle class 120ish-150k upper middle 150-200k well off 200-300k upper class Something close to these figures.
Those numbers look just right to me.
Haven't read the whole thread, but has anyone defined upper middle class as "having this kind of stuff, or doing this type of stuff" yet?
This post was edited on 3/18/14 at 10:11 am
Posted on 3/18/14 at 11:14 am to NOX
quote:Any kids? Because that is another huge difference
We gross ~ $150k... but I dont feel 'Upper Middle Class'
This post was edited on 3/18/14 at 11:15 am
Posted on 3/18/14 at 7:25 pm to JPLIII
I'm just saying after I pay a $1400 house note and 2 $600 car notes I live check to check...... Only difference between me and a guy in a trailer in Livingston is the bank will give me more rope to hang myself with. Money just doesn't go far. I remember being 20yrs old and thinking people who make 70k should have all their shite together... Now I make twice that and I actually had more cash then.
Posted on 3/18/14 at 7:29 pm to Ellakennedi
Two $600 car notes seems a little excessive don't you think?
Posted on 3/18/14 at 7:31 pm to Ellakennedi
quote:
d 2 $600 car notes
new cars are the devil.. I buy used in cash.
Let someone else deal with the depreciation./
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