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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Who does this guy think he is kidding, 50k may get you at the bottom of the middle class but not be able to do what they are saying and not with that much in debt.
Bluntly put, the uthor of this article needs to be commited to an insane asylum strapped down buck naked to a gurney and forced to watch old "30 something" episodes.
The idea of a middle class is what is defined by upper class. Just as history is written in favor of the victor.
Realistically, the "middle class" is more like a delivery driver making $10-13/ hr (21k-28k/ yr) and his wife/ gf making roughly the same being a clerk, midmanager of sorts. That is roughly $55-60K/ yr factoring in overtime or bonuses., fof BOTH together.
The concept of a household making $55-60k/ yr with child(ren), insurance, carpayments, taxes, etc--not counting judgements, leins and other financial obligations----
Well, you get the picture....
The problem is with this article (and other incompitent pundits and "ANALysts) is that the authors base their research from jackwagons with no REAL TIME contact with society at its grassroots.
I'm 70 years old . never worked
any job more 3 years. But I still feel that I'm ahead of the game. My total bills are only $2000 a month.Because I've always lived within my means. Even though I wear alligator shoses. I never get anything on credit. In my city I can caddy,sell earrings in the streets etc:I feel sorry for people who have to work to make ends meet.Never had a wife never had any personal friends never had kids. I've never been under water. No rainy days stops me Sell umbrellas at last stop on some subway line
The article is quite fair in summarizing the experience of 80% of Americans. But if you live in Manhattan or the San Francisco Bay area, no, $40-100K per year is not going to allow you to have all the stuff mentioned.
I'd have added that a middle-class family can afford to own and operate some sort of a vehicle for each member either employed or performing household duties (such as shopping) outside the home, but other than that it's a pretty fair list. By contrast, the working class or the poor would all share one vehicle, while the rich might have more vehicles than licensed drivers.
I think most Americans would consider President Obama's hypothetical $250K-per-year family "rich." Actually, the consequences of the so-called "fiscal cliff" are closer to what the country SHOULD be doing right now than is either of the major parties' proposals: bring the federal budget more into balance by BOTH increasing taxes and reducing spending, and reduce spending on defense by about a 4-to-1 proportion to social programs, since the latter will be needed more than ever for survival after the second part of the double-dip recession hits.
We have an income of nearly 135k per year. I can pay for daughters college, my two teenage sons, and put about 20K a year away for retirement. I have a 300k home with a 130k mortgage. two cars that are 2006 and 2004........
If I am middle or upper middle class, i sure want to know where everyone gets all their money, as I sure just pay my bills and hang on. Hoping that someday I might retire.
I am not living high on the hog, that is for sure, but I can pay my bills. I think they really over play how well off someone is. If you make more money, you pay full boat for college, not reduced by fafsa, I pay for all my medical insurance through work.
Any way, you need to make way more than I am to get ahead.
Hate to burst bubbles but if you aren't making 200k plus a year in an Obama led society with $3.20 gas, you aren't middle class, you are poor.
In reading through this list, I thought it's not terribly well reasoned because circumstances differ so enormously from one individual or family to the next. Yet it was consistent and somewhat revelatory. I saw no overt political slant but a report on the statistically derived sensibilities of a bare majority for I'llbombya as an aside.
Then I read the comments of the Republican right wing asylum dwellers. Christ on a stick! Do you guys have a clue about anything other than what the morons on Faux News tell you to believe? Do you honestly think that the Republican party represents YOU?
They despise you more than the Democrats do and treat your aspirations as rungs on their ladder.
When they reach their elevated status they kick that ladder down so YOU can't get up there. Yet you keep voting for them and defend the indefensible position you have taken.
I do not consider the Democrats to be the nations' salvation but the effing neo-con conspiracy of false hopes and corrupted reasoning is incomparably worse. There is truly a lesser evil. That any implication that you are in the MINORITY, that your views suck, angers you.
Just because you have ACTED stupid doesn't mean you must keep repeating the same act. At some point it becomes insanity. I mean, read your stuff. Does it really translate to activity that supports your aims?
You're losers. Quit fighting the Civil War. It's over. Propose progressive conservative agendas instead of unscientific religious blubbering. Make yourselves relevant to the future of the world.
I don't like the Dems either but at least they don't consider me to be of no use to them. I'm not going to register for the feed lot of the rich. Neither should you.
It does not seem like I grew up middle class. My parents had a combined income of 50,000 in the 90's and 3 children equating to 5 people living off of 50,000. They lived paycheck to paycheck, had lots of debt in loan companies, but did have health insurance on all of us. We had one car and always leased homes. They could not afford to put any of us through college, and it funny that they made too much money for us to get grants, yet they were just getting by. If it were not for the death benefits from my deceased dad, I think times would have been harder.
I am a nurse and have an income of 75,000-78,000 with just myself to support, I do consider myself middle class. I feel the more people in the household depending on that income decreases the value of your income. How can a household of 5 depending on 40,000 compare to a household of 1 depending on 40,000?
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