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Heh, well I considered myself middle classed when I lived in NYC and I didn't make six figures. It's called buying your home when prices were low (thereby keeping your housing expenses low) while your income goes up. It's called being willing to commute 30-40 minutes and maximizing your dollars. Having no dependents or other encumbrances. I had disposible income, with enough to save and travel. I travelled a lot when I was younger, single, and without children.
While I live markedly better where I'm at now, life in NYC wasn't a grindhole. But NYC is losing its middle class and I can easily see why. High five figures here can support a family in a stellar school district. You get paid less but you are taxed less. I can't quite explain the differences financially at the moment other than they're compelling enough to make me say that leaving is not going to be an option anytime soon.
Heh, well I considered myself middle classed when I lived in NYC and I didn't make six figures. It's called buying your home when prices were low (thereby keeping your housing expenses low) while your income goes up. It's called being willing to commute 30-40 minutes and maximizing your dollars. Having no dependents or other encumbrances. I had disposible income, with enough to save and travel. I travelled a lot when I was younger, single, and without children.
While I live markedly better where I'm at now, life in NYC wasn't a grindhole. But NYC is losing its middle class and I can easily see why. High five figures here can support a family in a stellar school district. You get paid less but you are taxed less. I can't quite explain the differences financially at the moment other than they're compelling enough to make me say that leaving is not going to be an option anytime soon.
Very sad with what's happening to NYC. Neighborhoods once filled with large families are disappearing. Take a walk around Brooklyn's Park slope or Windsor Terrace. NYC is becoming like San Francisco. Wealth, Dinks, Gay Couples, Yuppies, and poor. Then when you do find a traditional area, The Government will try to destroy it. (Homeless Shelters, Methadone Clinic, Aids Hospice, Woman's Battered Shelter, or some sort of socialized living facility)
For all the hue and cry about gentrification, NYC has never truly been friendly to the middle class in a long time. Certainly the Daily News can't truly believe the city was more middle class friendly in the 1970s and 1980s when the trains were unsafe, schools crumbling and jobs were fleeing left and right. Create a better business environment for job growth and fix the schools and we'd be alot further along.
There is a huge surplus of immigrants here of all incomes. Don't let the stats fool you because most of these immigrants aren't even counted because they don't pay income taxes. Paying income tax is the job of the rich and middle class.
I keep seeing tons and tons of immigrants here in NYC both rich and poor ones in the city.
Unfortunately the middle class does pay a heavy burden compare to the rich usually have other incomes that are taxed at a lesser rate.
You'll find lots of CEOs here make under $100,000 but their money is all tied into stocks and capital gains is taxed at a much lower rate. How fair is that right?
I agree. A masters degree is the new bachelor's degree.
The most important thing to do is NETWORK. The workplace is a similar to a high school environment.
I wish I knew that in 2009 when I graduated... Actually, no one knew that the job market was going to change so drastically in terms of hiring requirements and dickishness by those who came before us. I have yet to work full time in either of the fields I have my two degrees in (Management and Marketing) and have survived only doing retail and freelance gigs.
For all the hue and cry about gentrification, NYC has never truly been friendly to the middle class in a long time. Certainly the Daily News can't truly believe the city was more middle class friendly in the 1970s and 1980s when the trains were unsafe, schools crumbling and jobs were fleeing left and right. Create a better business environment for job growth and fix the schools and we'd be alot further along.
I disagree respectfully. Unemployment under this presidency in The Boro of The Bronx was over 15%! A boro of mostly people of color who voted overwhelmingly for this current potus. Areas were more family and middle class. Park Slope was a middle class/ working class hood. That's now a hotbed of wealth/yuppies/transplants. I know there is gonna be disagreement with my 3/4 posters but my old hood had a higher income ratio compared to today. My question is what's middle class? Let's say a family of 4? 150K? 175k?
Very sad with what's happening to NYC. Neighborhoods once filled with large families are disappearing. Take a walk around Brooklyn's Park slope or Windsor Terrace. NYC is becoming like San Francisco. Wealth, Dinks, Gay Couples, Yuppies, and poor. Then when you do find a traditional area, The Government will try to destroy it. (Homeless Shelters, Methadone Clinic, Aids Hospice, Woman's Battered Shelter, or some sort of socialized living facility)
Unfortunately the shrinking middle class is being pushed out of any middle-class-like neighborhood and into areas and buildings that were built as tenements in the turn of the last century, to say nothing of being forced to room together.
There is a huge surplus of immigrants here of all incomes. Don't let the stats fool you because most of these immigrants aren't even counted because they don't pay income taxes. Paying income tax is the job of the rich and middle class.
I keep seeing tons and tons of immigrants here in NYC both rich and poor ones in the city.
Unfortunately the middle class does pay a heavy burden compare to the rich usually have other incomes that are taxed at a lesser rate.
You'll find lots of CEOs here make under $100,000 but their money is all tied into stocks and capital gains is taxed at a much lower rate. How fair is that right?
Very excellent post. Unfortunately , You have the left which wants zero borders. More immigrants the better. They will vote democrat so that better then watching out for Americans. Then you have a segment on the right that wants to capitalize on cheap labor. Watch who does construction work?
I wish I knew that in 2009 when I graduated... Actually, no one knew that the job market was going to change so drastically in terms of hiring requirements and dickishness by those who came before us. I have yet to work full time in either of the fields I have my two degrees in (Management and Marketing) and have survived only doing retail and freelance gigs.
Yes, I agree with both of your posts. Hours will continue to shrink as corporations and small business looks to get out from the upcoming Obama care. A lot of people have seen their hours shrink.
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