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.
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Well, I meet the minimum requirements, I guess. I have a stable job, and hubby and I have a combined income of $50,000 pre-tax.
We take a vacation once a year (Usually Orlando since we live in So. Flo. but we'll take car trips other places.) and we have a Roth IRA. (There's not much in it, though.)
We JUST bought health insurance last month (not through our employer, who doesn't pay for anything, and that would cost us an arm and a leg. I have a friend who's a broker and he got us a good package.).
I don't own a home, though I inherited my grandmother's house, and her mortgage. I don't live there. My father does, and we rent an apartment.
I hate shopping at Target. I usually shop at Sam's because we're trying to save money so we can finish paying off our debt ($6,000 to go!).
I'm a fairly conservative Republican, though I don't vote party lines and will elect whomever I think can best do the job.
I have NO intentions of having a college fund for any of my kids. I had to work my way through school. So will they. I didn't get a free ride, and they aren't getting one either. If they want an education, they have to have the drive and ambition to get it themselves.
WOW....MIDDLE CLASS HERE...BARELY.....BUT I ALWAYS VOTE REPULICAN.
WHOEVER IS ABLE TO RAISE A FAMILY, BUY A HOME, AND SURVIVE IN THIS WORLD
AND STILL SAVES $48,000 FOR EACH OF THEIR CHILDREN'S COLLEGE EDUCATION
NEEDS TO WRITE A BOOK TELLING THE REST OF US HOW TO DO IT. I DON'T KNOW
WHO WRITES THIS STUFF OR WHERE THEY GET THE INFORMATION BUT IT DOESN'T
MATCH UP WITH MOST PEOPLE THAT I KNOW.
All the people of this country are different and if you don't fall in such guide lines are considered different. I don't think so.
I think the numbers are skewed....$75k for a house in the suburbs? Suburbs of what major city? Not when I was shopping around there wasn't and that wasn't that long ago even with all the foreclosures. The writer is high. I think a family has to make at least $100k a year to live and keep up with the Jones-es.
And get ready for taxes to go up.. before I lost my job a year ago, my best year was 28k. Now, that bracket is going to pay ANOTHER $1200 in income tax....funny how that was just about what I was able to save per year.
And that 48k saved per kid??? What a joke. NO ONE can afford that, certainly not in my "middle" class world.... or did I qualify as povery?
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