MSN Money

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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809Comments
Dec 7, 2012 3:20PM
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Seriously....if you shop at Walmart Target or Kmart you are considered middle class?  Doesn't everyone and their mama shop there?  C'mon, let start writing articles with meanings instead of labels... What a sham!
Dec 7, 2012 3:20PM
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 I only lean Democrat when I lean over to slap one into reality!
Dec 7, 2012 3:19PM
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Well lets see now.  Let me compare my REALITY to the assumptions of "middle class:

1. Make $40,000 ?   Nope.  In fact, make far less than HALF that.
2. Shop at Target?  Generally not.  Dollar stores tend to get more of my money these days.
3. Saving for college?  Another big NO.  There is nothing to save!
4. Go on vacation?  Uhhh..NO.  Haven't been on vacation since 1985... really.
5. Own a home?  Hahahahah!  Its a struggle to pay the rent on a 1980's era apartment.
6. Have a secure job?  Not so much.  I love those I work with, but its far from "secure".
7. Health insurance?  Zippo!  As a vet, I get some care.  But that system is way overloaded.
8. Democratic?  Ding Ding Ding!   Mostly because Repubs are religious wackos!
9. Invest for retirement?  Strike 8.  I will have to work until I'm dead.  There IS nothing to invest.

I probably represent more of the population than anyone wants to admit to.  I would be in hog heaven to have any 5 out of the 9 indicators the article uses.

Dec 7, 2012 3:16PM
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Im Rich and I do most of those things. So am I now middle class?? GREAT!
Dec 7, 2012 3:11PM
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I like to shop at WAL-MART,only because I usually find what I am looking for  .  Sometime I shop at Target, But every time I do they don't  have what I  want, or they just ran out.   When I shop for Clothes, I like to go to Macy's  for the QUALITY.  Sometime I shop at J.C. Penny's  too. I  Never buy clothes' at Kohl's, they always have something wrong with them, or they just fall apart.   And it has nothing to do with how much money I make. If I had Billions in the bank ,  I would still shop the same way.      "  I like what I like" ...
Dec 7, 2012 3:09PM
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I'm middle class but my wife is a 2%er.  
Dec 7, 2012 3:08PM
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Who says?  BS all the way.  Don't believe a thing you read here.  So if you shop a Wal Mart your low class?

Give me a break.  And all the rich folk shop at N. Marcus?  Just what we need in this country, more division.

 

Dec 7, 2012 3:06PM
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What's a secure job? And who has one these days???

Dec 7, 2012 3:06PM
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HA! My family kept telling me "you're making enough money to be considered middle class, I don't understand why you're struggling so much?"

To which I'd always respond: "I make $10/hour + 9 hours overtime per paycheck, minus taxes, minus $400/mo for the room I rent, minus $335/mo for student loans, minus $80/mo for car insurance, minus $80/mo for phone, minus $100/month for gas (which was just recently lowered from $250/mo because I moved closer to work - and that's not even including necessities... like food - there have been many, many days I couldn't afford to eat). AND I need to go to the dentist desperately, AND I can't afford health insurance so I have to suffer this blasted sinus infection and back pain on my own, AND my mother wants me to take time off for a weekend visit to Disney next month, AND she wants me to blow $300 on Christmas gifts this year, AND I have to put the car in my name next week ($440 + a new license for address change). PLEASE, PLEASE I'M BEGGING YOU, TELL ME HOW THE HELL I'M A PART OF THIS FAMOUS "middle class".

Oh, and I have never collected unemployment or asked for any government assistance. Though, funny enough - if I had I wouldn't have defaulted on my student loans and would not be paying such a disgusting amount each month. However, I have never been - nor will I ever be a mooch off of the government. I am not saying all people who ask for and receive gov't assistance are mooches, but I'm from a part of FL where a vast majority of the people around here are on welfare and drive new BMW's, have gold teeth and/or 4+ children just to get the $.

-End rant-
Dec 7, 2012 3:05PM
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Hmmm... on 2 of 11 she writes: Pew researchers set out to find what the public thinks a good income range would be....they broke it down a step further, saying the median for middle-class homes is $55,000 in rural areas, $70,000 in urban areas and $75,000 in suburban areas.

Then on 6 of 11: The housing market is in full recovery at this point, however, and the national median home price rose to $178,600 in October, up some 11% from a year earlier, according to the National Association of Realtors.

Something is amiss.  Either the Pew Research results are from the 1980's or the people they surveyed are still living in the 1980's. I haven't seen suburban homes in the $75k range for years and I live in central Florida.

How does a family with a median income of $68k/year afford an average house today?  It makes no sense.
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and you know you are a stupid, arrogant, dosen't give a **** about money or anything else when you  shop full price and designer brand.  how stupid do you think we are?  the "middle" class is the "smart" class, what's left of it anyway .  we have the rich and pathetic and the poor and drowning .. and we have learned how to shop for quality at the best price. like in the "last" depression.  and some people even with money know that a name on the door doesn't mean qualty product.  these articles from msn money are ridiculous and border on tabloid trash.     

 

i'm poor, college educated, work my **** off all week, have to drive all over which costs me most of my pay check and i shop close to home, look for quality at the best price i can get. i was brought up that way.  and i didn't want for anything when i was a kid.  we shopped smart, bought good things and a good price that would last. shopping smart is a value, has nothing to do with how much money you have or what "class" you are in.  leave it to the media to try to further seperate us and try to make people feel their worth is determined once again by how much money they have and where they shop.  you ****s should be ashamed.  for writing this crap and for assuming that we don't know it's crap. 

Dec 7, 2012 2:53PM
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I disagree with the comment Lean Democrat! I think the vast majority of Middle Class have figured out that Democrat is another word for Marxist and thier agenda. Some are fooled by that Obama smile and slick talk, but not the majority of the middle class.
Dec 7, 2012 2:52PM
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And the newly poor, If your dumpster diving behind those stores.
Dec 7, 2012 2:52PM
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Well, since I spoke at resale shops., I would say I am lower class or MAYBE lower-middle. Doesn't matter. I have what I need.

 

Dec 7, 2012 2:41PM
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Living a Champaign life on a Beer Budget

 

I earn more money by myself than what the article claims is the family middle class income and my wife also does as well. So I guess that puts me in the VERY LOW end of the 1 percenter's that people say are getting rich. Trust me, I am not even close to rich. However, I see people all around me who I know have much lower income jobs and they are driving two nice cars, larger and nicer homes and all the extra toys like a boat or quads. They are going on yearly vacations to some pretty nice places as well. Me, I am shoveling my money into retirement and making sure my small home is paid off. I am starting to think, "Stupid Me".

 

So I scratched my head and wondered how are they affording all this when I know with my own pretty good wage that I couldn't afford it all....drum roll please - without going into a lot of debt?It is because these folks are neck high in debt. It part of the reason behind the housing crisis. There was a middle class living way beyond their means and buying an expensive home which put them on the edge of forclosure to begin with. So if one spouse lost their job, it was difficult to make the house payment. So guess what came out of that? A bail out and the same people are now able to go back and apply again for more government loans to get another home! I am starting to think "Supid Me".

 

Another problem are the people who are scamming the system. Yes, they may report the 'middle class' income of say $50k  a year, but there is a lot of extra fraudulent income being made that is not reported. Cash under the table for construction work is very prevalent. I see the rolls of cash and I have had some of these contractors tell me a good discount is available if I pay cash. I personally know of someone who is making $70k a year and gets food stamps. She claims to be separated from her husband and then she claims head of houshold with four children. She buys them the latest cell phones and electronics. I am starting to think "Stupid Me".

 

Get rid of all these tax loop holes and the class warfare about raising the taxes on the rich and just go with a flat tax for ALL. Better yet, go with a national sales tax only and that takes care of the under the table transactions to avoid paying taxes and it also eliminates the tax loop holes to begin wth. The more you spend, the more kids you have, the more you pay. Yes, "Stupid Me".

 

Dec 7, 2012 2:40PM
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They forgot. You're thousands of dollars in debt in school loans that you can barely afford to pay.
Dec 7, 2012 2:38PM
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I educated my young friend who grew up in Beverley Hills and was bemoaning that the fact he had fallen into my group, the middle class. I tried to cheer him up. I said if you are middle class you can take a vacation to St. Tropez, You can buy a Lamborgini, You can stay in the most expensive hotel in the world, You can sail around the world, You can shop in Bloomindales, You can own a Yacht, You can belong to a country Club.  But you can only do one of these things and not the others and you can only do it once in your life.
Dec 7, 2012 2:38PM
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There is no exact answers as to who is middle class.  I have a generous 6 figure salary and have been saving for my retirement since I was 22.  I shop at Macy's and target and consider myself to be "middle class."  The media puts such an emphasis on class but it is a very broad catageory with no definite structure or division lines.
Dec 7, 2012 2:37PM
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Much of this depends upon your lifestyle and where you live.   It also depends upon your education and the field in which you work.   Not every field does having a PhD improve your income.   In most fields, a PhD only improves your income if you intend to teach.   Very few if any CEO's of large companies have a PhD.   A STEM education generally pays the best but Americans tend to shy away from that kind of education and go with a liberal arts or business degree.  That is why so many are unemployed.   The unemployment rate for STEM is 2.5% while that of the general population is 7.7%.   A petroleum engineer with a 4 year degree with some experience can make 167 thou per year but the courses are tough and require both higher math and science.   Unless Americans change their outlook towards a technical education, they will continue to flounder financially while Asian immigrants do very well.  
Dec 7, 2012 2:37PM
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My family and I are "upper Class" my husband alone makes 6 digits a year and we shop at Target, and Walmart.  I dont think it matters how much you make, I think its consumer preference.   Where you shop doesnt put you in a class.

 

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