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re: What do you consider "Upper Middle Class"?

Posted on 3/17/14 at 3:16 pm to
Posted by Asgard Device
The Daedalus
Member since Apr 2011
11562 posts
Posted on 3/17/14 at 3:16 pm to
90% of the OT is in the top 5%.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35358 posts
Posted on 3/17/14 at 3:16 pm to
quote:

Chris Farley


Single person income is obviously different than family income. Also, the income percentile calculator that I looked at has married filers of 75k as the 50th percentile. Single filers at 51k would put you at the 86th percentile.
Posted by VABuckeye
NOVA
Member since Dec 2007
37669 posts
Posted on 3/17/14 at 3:17 pm to
I think you'd have to be single to make it work. Add a spouse and that's a lot of change to put away.
Posted by Corkfather
Houston
Member since Sep 2007
19750 posts
Posted on 3/17/14 at 3:17 pm to
quote:

A timekeeper on a O&G job working 50 hours a week makes over $60K a year, your data is flawed.


True, but he's only working 2 weeks out of the month.

I'm talking net wages BTW.
This post was edited on 3/17/14 at 3:18 pm
Posted by KG6
Member since Aug 2009
10920 posts
Posted on 3/17/14 at 3:20 pm to
quote:

from 150k to 250k upper middle class. 75k to 150k middle class.


I agree with the first part of this statement. Upper middle is 150k up. But to state that 75k is the bottom of the middle class is laughable. Tons of people making due on less than 75k a year for a family. And they are still considered middle class. Hell, middle class probably goes all the way down to the poverty line. I'm pretty sure my family would make it on a 50k income if we needed to and you wouldn't think we were poor.
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 3/17/14 at 3:20 pm to
quote:

All of my experience is onshore.



offshore is an entirely different animal

quote:

Even offshore, there's a lot of off-time that isn't paid.


8-12 hours is the only "off time" you have while offshore. Some guys get paid hourly and kill it on the OT, but most are getting paid by the day.

quote:

If you're making six figures you're doing pretty well for yourself.


I'd say 75%-85% if not more, of the people working offshore are making 6 figures
Posted by Chris Farley
Regulating
Member since Sep 2009
4188 posts
Posted on 3/17/14 at 3:21 pm to
quote:

Single person income is obviously different than family income. Also, the income percentile calculator that I looked at has married filers of 75k as the 50th percentile. Single filers at 51k would put you at the 86th percentile.


Fair point, but only looking at married filers cuts out a sizeable portion of the country, that's why I stuck to household incomes.
Posted by Corkfather
Houston
Member since Sep 2007
19750 posts
Posted on 3/17/14 at 3:21 pm to
Ahh, ya'll get paid for 24 hours on the rig. Forgot about that.
Posted by dnm3305
Member since Feb 2009
14747 posts
Posted on 3/17/14 at 3:21 pm to
quote:

there is so much oilfield trash that makes well into 6 figures but have nothing of real value


You mean the type of people that make 180k a yr and buy a new F250 every summer with 70" rims and have four different 4-wheelers, yet live in a trailer and dont even have a savings acct?
Posted by tgrbaitn08
Member since Dec 2007
148031 posts
Posted on 3/17/14 at 3:21 pm to
quote:


True, but he's only working 2 weeks out of the month.

I'm talking net wages BTW.




not everyone offshore works 14/14

Posted by TexasTiger01
Lake Houston
Member since Nov 2013
3215 posts
Posted on 3/17/14 at 3:22 pm to
quote:

True, but he's only working 2 weeks out of the month. I'm talking net wages BTW.


I see your occupation is listed as a student. Sounds like it needs to stay that way a few more years.......
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35358 posts
Posted on 3/17/14 at 3:23 pm to
quote:

KG6


If you see other posts, I corrected myself and stated that 50k-75k is probably lower middle class.

I guess my mindset is that two unskilled non educated workers could combine for 50k. I mean that's only basically ($12.50 an hour, $25,000 each person).
Posted by Corkfather
Houston
Member since Sep 2007
19750 posts
Posted on 3/17/14 at 3:23 pm to
quote:

I see your occupation is listed as a student. Sounds like it needs to stay that way a few more years.......


Yea, I haven't changed that since I made my account... in 2007.

I dropped out, been working in the oilfield for 3 years or so now. I'm now in an office job at a company that's Top 50 in the world and I'm considered an engineer by my peers.
This post was edited on 3/17/14 at 3:27 pm
Posted by Chris Farley
Regulating
Member since Sep 2009
4188 posts
Posted on 3/17/14 at 3:25 pm to
quote:

If you see other posts, I corrected myself and stated that 50k-75k is probably lower middle class. I guess my mindset is that two unskilled non educated workers could combine for 50k. I mean that's only basically ($12.50 an hour, $25,000 each person).


And sadly, that is the median household in the US. Not lower middle class.
Posted by LSUdm21
Member since Nov 2008
17486 posts
Posted on 3/17/14 at 3:25 pm to
quote:

I think you'd have to be single to make it work. Add a spouse and that's a lot of change to put away.


Yeah, it's the $30K that I have the biggest problem with. That's a lot to put away on $150K per year.
Posted by yellowfin
Coastal Bar
Member since May 2006
98439 posts
Posted on 3/17/14 at 3:25 pm to
no 24 hr pay on any platform I've ever been on unless something really bad was going on
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
35358 posts
Posted on 3/17/14 at 3:26 pm to
quote:

Chris Farley


I didn't think it would be fair to compare married two income families to single mothers.
Posted by N2cars
Member since Feb 2008
34772 posts
Posted on 3/17/14 at 3:26 pm to
quote:

True, but he's only working 2 weeks out of the month.


I was always found this to be false.
Quite often, you'll drive 6+ hours each way to get to the helo or boat.

So now that 7/7 is really 8/6. Plus, you are stuck out there with no women, no beer for 24 hours, so 168 hours a week.

I never thought it was a good deal.

(not the point of the thread)

Posted by N2cars
Member since Feb 2008
34772 posts
Posted on 3/17/14 at 3:27 pm to
quote:

24 hr pay


Back in the 80's we got 16 hours standby with Otis, but that went away.
Posted by Sanchito
Member since Apr 2012
995 posts
Posted on 3/17/14 at 3:27 pm to
quote:

A timekeeper on a O&G job working 50 hours a week makes over $60K a year, your data is flawed.
Please provide the math for this. Because when I do it im not getting your numbers. They'd have to make 21/hr and I am highly skeptical timekeepers are getting paid that.

ETA: Gross $60k
This post was edited on 3/17/14 at 3:32 pm
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