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.

 of 11
 of 11

VIDEO ON MSN MONEY

866Comments
Dec 3, 2012 2:22PM
avatar

Wow, I wouldn't have thought that the average middle class family would have $48,000 saved for each of their kid's college education by the time they graduated high school.  Anyone else think that figure seems high?  Most middle class people I know, even at the higher ends, don't have that much saved for sure.

Dec 7, 2012 2:05PM
avatar

How about the Dollar Store because as a middle class citizen that's how much I can afford these days. Everything keeps going up except my salary.

 

Dec 7, 2012 2:08PM
avatar
The whole, "You lean Democratic" is a bunch of bologna! That's the liberal media for you! Nearly all the middle class people I know are Republican. They work hard for their money want to keep it! Not give it to the government for more taxes.
Dec 3, 2012 1:41PM
avatar
It's a label and nothing more - who cares if you're called "middle class", or "Purple class"? I pay for what I can, save for what I want, and get by as I can. I DESPISE how the media is always trying to work us up by putting us in boxes and saying. "There, you are a yadda-yadda, and you are thisathat"
Dec 7, 2012 1:42PM
avatar
I'm middle class but vote as a republican.  Another MSN biased report. 
Dec 3, 2012 1:41PM
avatar
I fall into the Middle class by definition but feel like government has a choke hold on me and I can't breath at all...they and everyone else has their hand out wanting me to give more. Gee give me a break!
Dec 7, 2012 3:06PM
avatar
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 2:00PM
avatar

"Middle Class", is a state of mind. 

 

Statistics will tell you that you need to make a minimum of $90K to be considered middle class.  Anything below that is "working class, upper lower class, lower class" and so on.

 

Forget what label you want to fall under, forget what statistics tell you where you fall. 

 

If you work, you try to support your family, and you do the best you can with what you have, regardless of how much you have, then there is only one label that you should fall under...and that is "Hard working".

 

lol...this post clearly tells you I'm "poor".  haha

Dec 7, 2012 1:58PM
avatar

Two incomes of 50k, home with 298k to still pay off, 8 years from retirement, and thanks to greedy creditcard companies charging high interest, walloing in debt. Equity in the home is gone because of the values plummeting, and now underwater and unable to get out from under the debt.

 

Worried about the job not being there tomorrow, 401k depleted, worried about retiring. living like we're poor because everything we counted on has been squeezed out. Everyone takes a piece, and is getting rich, while our debt mounts.

There is no middle class, we are all poor on different levels.

Dec 3, 2012 2:29PM
avatar

I dont see based on this article how which way you lean poltically has anything to social class

Dec 3, 2012 1:37PM
avatar

This article anchored by it's quoted statistics is garbage and is meant to comfort everyone who is making between 35 and 100K a year to continue to think they are middle class.  All over the web you find articles written about how little Americans have saved and how little the 40-60 year olds have saved for retirement.   How Americans' net worth is ridiculously low.  And of course, the comment that most middle class Americans believe that POTUS is better for the middle class is a joke.  Soon, the threshol for the AMT tax will be 46K  not the 76K it is now.  And the gov't will be collecting even more from its minions.  You might be able to afford a 176K house on 85K salary but that doesn;t include the school/property taxes you will have to pay.  And good luck finding  a 176K house on Long Island in New York. Please.  There is so much boloney here it could be a Boars Head processing plant.

 

 

Dec 7, 2012 1:57PM
avatar
the way i see it is not only middle class people shop those stores but smart people i could have all the money in the world and i would still shop at the same stores...why spend more on things when i know i could spend much less
Dec 7, 2012 1:58PM
avatar
Michelle Obama shops at Target- is she middle-class??????
Dec 3, 2012 2:02PM
avatar
if you live in the Washington DC area trust me you need more than 80k to not live paycheck to paycheck and let me say this I have little childern 1 and 5 years of age... and I can tell you we do not have free pre-school like other places and child care for a child beween the age of 2-5 is atleast 250 a week yes 250 and that is the lower rates.  Child care cost more than some peoples rent and or morgage.  No child left behind act my ****... only weathly people can pay that.   
Dec 3, 2012 2:29PM
avatar
Well our income is quite a bit higher than what this article claims is middle class. We did not get anywhere close to $48,000 for college for three children, we don't go on vacation every year (only four times in 25 years) and we most definitely didn't spend $4,000 on vacation for five people.

I feel like middle, only worse than the average middle class person.

Dec 7, 2012 7:53PM
avatar
I believe the middle class are the ones who make to much for any type of gov. assistance, but don't make enough to support their family because the gov. takes to much of there pay to give to the lower class.
Dec 7, 2012 1:36PM
avatar
Ha...if you are middle class and shop at these places, what are if you can't afford those places listed?  Poorer than dirt. 
Dec 7, 2012 1:56PM
avatar
This article is a big pile of BS.  Kim Peterson, go find some Occupy group to sit in instead of writing a piece of garbage like this.

How do you know you are raging liberal who wastes there time labeling people.

Slide one- your Kim Peterson
Slide two- you think this is a good article.

Dec 7, 2012 2:00PM
avatar

Again some idiot with zero qualifications or knowledge about the subject writes an artical.  Im tired of useless people who do not deserve more that a min wage job getting the chance to write something.  They just throw it together with no research and zero proven facts.  As a country we believe it! As a country we have to stop this BS because there are people out there that cant make a decision for them selves so they are influenced buy these over paid retards! 

Dec 3, 2012 2:33PM
avatar

It's been said that the great middle class this country once had was just an anomoly in history. Now things are getting back to the way it has been through ages; the haves nad the have nots.

Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 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.

RECENT QUOTES

Watchlist

Symbol
Last
Change
Shares
Quotes delayed at least 15 min

MARKET UPDATE

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.
Market index data delayed by 15 minutes

[BRIEFING.COM] Coming off the three-day weekend, it was a groggy start for the equity market with neither buyers nor sellers showing much conviction.

The energy sector (-0.6%) has been a key drag in the early-going as it is following crude prices (-$1.28 to $94.68/bbl) lower.  Meanwhile, the consumer discretionary sector (+0.3%) has helped act as an offset.

Moments ago, it was reported that the ISM Index for August jumped to 59.0 (Briefing.com consensus 57.0) from 57.1 in ... More


Currencies

NAMELASTCHANGE% CHANGE
There’s a problem getting this information right now. Please try again later.