LockedWhat do you consider middle class?

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wanderingjew
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2011/10/28 12:39:29 (permalink)

What do you consider middle class?

This is not meant to be a political discussion, just a socio- economic one.
 
Income wise many folks have different opinions about what income level defines "middle class" I'm not asking what "your income is" just what "you" define as middle class in terms of annual per capital (per person) income.
 
I'll start- my opinion is 100k-250k per year per person
 
 
#1

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    Michael Hoffman
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    Re:What do you consider middle class? 2011/10/28 12:56:49 (permalink)
    I'd begin it at $250,000, running up through $350,000.
    #2
    mar52
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    Re:What do you consider middle class? 2011/10/28 13:17:32 (permalink)
    Really?  I'm a pauper.
     
    *sniff*  I've never been middle class.
     
    I thought $40,000 - $100,000.
     
    I also thought that there are more than three divisions...
     
    Poor,  me  (I guess) middle class,  upper class,  extremely wealthy and insanely rich.
    #3
    jman
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    Re:What do you consider middle class? 2011/10/28 13:22:48 (permalink)
    I think the biggest factor is geography.  Here, in Berea, KY, middle class probably starts at about $50K.  To put it in perspective, you can buy a very nice 1800 sq ft home in a really good neighborhood for about $175,000.
    #4
    felix4067
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    Re:What do you consider middle class? 2011/10/28 13:37:12 (permalink)
    Yeah, if anything with three numbers before the comma is middle class, then everyone I know is completely screwed, and I should be living in a cardboard box.
     
    My thought is somewhere between $40,000 and 100,000. Still makes me a pauper, too, Mar.
    #5
    fishtaco
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    Re:What do you consider middle class? 2011/10/28 14:07:45 (permalink)
    How can six figure incomes be considered middle class? Although a six figure income is far from "rich" I just don't believe it can be considered middle class either.
    #6
    6star
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    Re:What do you consider middle class? 2011/10/28 14:30:42 (permalink)
    As jman said, I am sure the biggest factor is geography.  wanderingjew's or Michael Hoffman's figures would be proper for the east coast, especially the northeastern coast, while those of us in the middle of the country are more in line with felix4067's or mar52's numbers.  (I am sure Michael's figures are as high as they are, since he was originally from the east coast.) 
     
    With the average salary (in normal times) on the high side, prices of everything will be higher in an area, while the reverse is also very true.  Some evidence of this are the farmers in the west who are currently having trouble getting local workers to pick their crops (at substantially lower wages) rather than the undocumented workers that they have been using for years.
    #7
    Glenn1234
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    Re:What do you consider middle class? 2011/10/28 14:56:32 (permalink)
     
    As others have indicated, it depends where.  You can live okay in Iowa at 50K, whereas in NYC, 200K just gets you by, especially if it's a one income family with kids in college, etc.  . 
    I'd put the number from 40K to 400K, depending on location.  Yes, that's a big range, and that's the point.  The "middle class / middle income" is most of the nation. 
     
    On a side note, I've never been enthralled with the term "class" when it refers to incomes.  I know plenty of rich folks with no class at all, and plenty of low income people who are  delightful.   I'm ususlly one of the last people to be "politically correct", but something about using the term "class" in regard to income has always bugged me....though I do realize the term is in common usage. 
     
    Glenn
     
     
    #8
    felix4067
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    Re:What do you consider middle class? 2011/10/28 15:48:24 (permalink)
    Glenn1234

      On a side note, I've never been enthralled with the term "class" when it refers to incomes.  I know plenty of rich folks with no class at all, and plenty of low income people who are  delightful.   I'm ususlly one of the last people to be "politically correct", but something about using the term "class" in regard to income has always bugged me....though I do realize the term is in common usage. 

    Glenn



    It's being used as in "classification" rather than how you're thinking in this case.
    #9
    Glenn1234
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    Re:What do you consider middle class? 2011/10/28 16:59:30 (permalink)
    felix4067

    Glenn1234

    On a side note, I've never been enthralled with the term "class" when it refers to incomes.  I know plenty of rich folks with no class at all, and plenty of low income people who are  delightful.   I'm ususlly one of the last people to be "politically correct", but something about using the term "class" in regard to income has always bugged me....though I do realize the term is in common usage. 

    Glenn



    It's being used as in "classification" rather than how you're thinking in this case.


     
    Yup, I know.  It still bugs me.   
     
     
    Glenn
    post edited by Glenn1234 - 2011/10/28 17:00:32
    #10
    seafarer john
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    Re:What do you consider middle class? 2011/10/29 11:39:46 (permalink)
    Real median household income in 2010, according to the census, was $49,445. That means half of all households earn less than that amount and half earn more. Make whatever you want of that number in terms of classafication...
     
    Cheers, John  
    #11
    Foodbme
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    Re:What do you consider middle class? 2011/10/30 02:09:33 (permalink)
    Somewhere right between "High Class" and "Low Class"
    #12
    chewingthefat
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    Re:What do you consider middle class? 2011/10/31 17:38:19 (permalink)
    Married 2 kids, no less than $125,000 gross.
    After taxes, mortgage, cars, clothes, food, entertainment, etc., etc., not much hay in the barn.
    #13
    Michael Hoffman
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    Re:What do you consider middle class? 2011/10/31 17:51:11 (permalink)
    So stop the food, entertainment and other non-essentials.
    #14
    dimmie2
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    Re:What do you consider middle class? 2011/11/01 18:46:23 (permalink)
    During this day and age, I'd consider middle class 50-100 grand a year.  And I believe the middle class is slowly shrinking while the lower and upper middle classes are increasing.
    #15
    Foodbme
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    Re:What do you consider middle class? 2011/11/01 19:27:58 (permalink)
    dimmie2

    During this day and age, I'd consider middle class 50-100 grand a year.  And I believe the middle class is slowly shrinking while the lower and upper middle classes are increasing.

    Not True. The numbers of Middle Class people by your definition has remained relatively stable. What IS increasing is the number of people in the level below 50-100K. This is caused by very high birth rates, poor education and legal and illegal immigration. There are more 100K and up people in America than ever before.
    As a matter of Fact, there are:
    237 millionaires in Congress and apparently they are not all Republicans as 4 of top 5 are Democrats and the top 2 are from the liberal state of California with no Texans in top 5
    I suggest you check the facts before making generalizations based on myths being hyped by the Media. Press Accuracy Ratings have hit a 20 year low. It's "Get the Story Out" verses Get the CORRECT Story Out"
    #16
    seafarer john
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    Re:What do you consider middle class? 2011/11/01 19:47:58 (permalink)
    Millionaires in Congress has nothing to do with anyone's definition of class. It's interesting how some people will try to confuse an issue with irrelevant crap thrown into the pot.
     
    Cheers, John    
    #17
    smokestack lightning
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    Re:What do you consider middle class? 2011/11/01 19:48:01 (permalink)

    I suggest you check the facts before making generalizations based on myths being hyped by the Media. Press Accuracy Ratings have hit a 20 year low. 
     
    How about you check the facts before making generalizations?  Source for this statement or your opinion?
    #18
    Foodbme
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    Re:What do you consider middle class? 2011/11/01 20:22:32 (permalink)
    smokestack lightning

    I suggest you check the facts before making generalizations based on myths being hyped by the Media. Press Accuracy Ratings have hit a 20 year low. 

    How about you check the facts before making generalizations?  Source for this statement or your opinion?


    I'm not writing a term paper for your class teach but here it is:
    http://www.valuesvoternews.com/2009/09/public-opinion-in-accuracy-of-news.html
     
    Didn't know we needed to add footnotes to our posts
    #19
    Foodbme
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    Re:What do you consider middle class? 2011/11/01 20:32:28 (permalink)
    seafarer john

    Millionaires in Congress has nothing to do with anyone's definition of class. It's interesting how some people will try to confuse an issue with irrelevant crap thrown into the pot.

    Cheers, John    

    I was only citing that to make a point that there are currently10.5 million millionaires in our country including members of Congress and projected to go to 20.6 million by 2010. America is STILL the land of opportunity. Despite the Great Recession, which wiped out $15.5 trillion in household wealth in the United States alone, the number of millionaires in this country and abroad will grow rapidly over the next decade.
    Source: http://money.cnn.com/2011/05/05/pf/millionaire_rise/index.htm 
    #20
    felix4067
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    Re:What do you consider middle class? 2011/11/01 20:36:09 (permalink)
    To remind us of the original intent of the thread...
     
    wanderingjew

    This is not meant to be a political discussion, just a socio- economic one.



    #21
    Foodbme
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    Re:What do you consider middle class? 2011/11/01 20:53:58 (permalink)
    felix4067

    To remind us of the original intent of the thread...

    wanderingjew

    This is not meant to be a political discussion, just a socio- economic one.



    The point is there's no concrete definition of Middle Class in America. It's an "I think" issue and I'm out. 
    #22
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