9 ways to know if you're middle class
There's no hard-and-fast definition, but surveys show what kind of income and lifestyle you're likely to have if you -- and others -- think you're middle class.
MORE ON MSN MONEY
VIDEO ON MSN MONEY
I think I am middle class, even our family income is over $250,000. and we have good jobs.
We have a nice big house and 5 cars. I don't feel rich. I am still trying to save money and
do not eat out a lot. I shop at discount stores and not at expensive stores. I think if you
are not worth millions. You are a middle class.
I don't believe that the middle class exist. I believe that there are the Rich, the Poor, and the people that are below poverty. You are supposed to double your hourly rate every 10 years. I worked for a grocery store chain in Chicago, for 12 years, I was a cashier making $12.25 per hour, quit in February 1994. Now almost 20 years later, most people are making less than $12.25 per hour, most are around $10.00 per hour. I do go along with raising the Minimal wage to $15.00 per hour. I do think that it makes since. Food prices have gone way up, property values are way down. In today's world, I do not have to travel far to find property in major need of repairs.
Is Obama Care really guaranteed issue? What is the deal with Open Enrollment between October 1st thru December 31. The first year it starts the open enrollment is a bit longer. What happens to the person, who decides that they can't afford the health care, pay the penalty, then in May or June, they discover that they have cancer, they will have to wait until the next enrollment period, then apply, then wait until January 1st. By then the cancer will be well advanced. Looks like another day, and another trick.
Unemployment benefits are really something else as well. Why would someone want to be on unemployment for 2 years. That sounds silly. Most will say, I will just collect for 2 years, and watch TV. At the end of their vacation, they will no longer be a Plummer, an Electrician, etc. If they were unemployed for 9-12 months, I would still consider them as being an Electrician, Plummer, etc.
My husband is retired from the federal government and I have a less than part time job. With the government 3 year cost of living freeze, the rise in health care, food, etc. We are really low on the middle class scale. Local and state services are rising too. With the President and Congress screwing around with the budget and Obamacare, I think they should stop getting paid until they come to a resolution that helps not hinders the citizens of America. They need to have no pay sequester days like the military and civilian workers have. Cut their money and perks out, no travel expenses reimbursed, etc. Maybe, just maybe they will take care of business. Have a nice vacation Congress. The rest of us have our feet in a plastic pool out in the back yard, if we are lucky. We are watching you and getting ready to vote you all out next election!
The term "middle class" has been reduced to a meaningless "feel good" label that politicians use to garner votes. It is used to make us feel like an integral component of society, when in reality it seems most of us are just struggling to keep from slipping into poverty from an illness , job loss or just being financially eaten alive.
ROTFLMAOFFF!!! This article is yet another piece of crap attempting to compact an entire population. The TRUTH:
Middle class is just a term to make folks think they are other than poor.
There's no such thing as a "secure" job. . . you work for someone else, then you're oner budget item away from unemployment.
A vehicle is JUST transportation, A house is JUST shelter.
College savings are basically a free loan to a bankster who loans it back to you at 20%
Retirement is a myth to make folks think they'll be living la vida loca on ALLL the money they made during their working years, when most of the population will work till they drop.
Worrying about someone getting food stamps is idiotic, try living in a country without "handouts' and see how comfortable it is getting to your "secure" JUST OVER BROKE or ANYWHERE.
Newsflash: According to this article, all the people I know, in my "inner city" area in NJ fit at least 7 of these variables! And many VACATION 2x a year. How could we still be here is this God forsaken state if we didn't - SURPRISE!.
Yes, as quitely as its kept, folks of color are doing real well, we're smart enough not to spend time whining that some president, whose circles we will NEVER be a part of, and who has no CLUE we even exist, is the reason for any of our ISSUES - we just do what we do. Always knowing that any day, at any time things can change SAME AS THE CIRCLE OF LIFE.
Stop fronting wanting a label to define who you REALLY are and LIVE YOUR LIVES!!!
If you can change your $5 Gillette Fusion ProGlide Power cartridge every couple days when the indicator strip changes color to tell you to----then you're doing great, and you should definitely invest in Gillette.
I have a secure job, about $30K a year, and health insurance. And I get three weeks' paid vacation a year, but there's no way I'd blow $4K on one. I wouldn't own a home...that would be nothing more than an anchor around my neck...I need to be able to pull up stakes & bug out in a few days' notice (but that's just me...being single has many benefits). Been to college, under the old GI Bill, and my only child has his own brood (he and his wife combined make about $8K a month). I *loathe* Target as much as I do WallyWorld. It's a big sissy store, if you ask me. I have some cash stashed, but that's it. And as far a political leanings...I feel anyone affiliated with any political party should be shot in the face for treason.
Working Poor- low income, unstable job, need help (Wal-Mart employee)
Working Class- ok income, unstable job, gets by (Union carpenter, teacher)
Middle Class- higher income, somewhat stable job but able to find new job easily, must be careful not to over-indulge (attorney, physician, cpa, small business owner)
Rich- has a lot of money for a specific period but no real long-term stream of revenue (lottery winner, pro-athelete)
Wealthy- works to develop constant streams of revenue. Has enough to be out of work for at least 10 years under same lifetstyle. Cares more about net worth than income. (No specific career, could be same occupation as middle class or working class).
Am I the only one who is sick of so called "celebrities?" Headline say "BREAKING NEWS" and then says princess kate is pregnant!!! Damn!! Is that BREAKING NEWS? sounds like a broken rubber to me. I intentionally did not capitalize "princess" or "kate" is case she reads this post. I believe if she made a hard turd, the media would run around town showing it off. I would asume she puts her panties on just like all other women.
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
[BRIEFING.COM] Market is plodding along with modest gains, underpinned by a steady performance from the financials (+0.4%) today and the continued interest in owning large-cap technology stocks.
The Nasdaq 100 is up 0.5%, which puts it ahead of the pack in today's trading. Conversely, the Russell 2000 (-0.3%) is a notable laggard as small-cap issues feel the pinch of profit taking and perhaps some tax-loss selling interest that tends to pick up this time of year.
In fitting ... More
More Market News
|There’s a problem getting this information right now. Please try again later.|