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Old 03-23-2009, 04:30 PM
 
Location: Mequon
6,862 posts, read 12,317,447 times
Reputation: 3029

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How do you define Lower Class? less than 25k a yr or 20k a yr? What is middle class 30k-50k? Upper Middle class? 50k-100k upper class? 100k-250k?

What are the ranges?

Here is How I would define it:

Lower Class: 0-20,000/yr.

Lower Middle Class: 20,000-30,000

Middle Class: 30,000-60,000

Upper Middle Class: 60,000-100,000

Upper Class: 100,000+

Does this sound right? for a single income, I would double this list for married couples.
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Old 03-23-2009, 04:49 PM
 
Location: In My Own Little World. . .
3,238 posts, read 5,831,718 times
Reputation: 1559
Quote:
Originally Posted by Milwaukee City View Post
How do you define Lower Class? less than 25k a yr or 20k a yr? What is middle class 30k-50k? Upper Middle class? 50k-100k upper class? 100k-250k?

What are the ranges?

Here is How I would define it:

Lower Class: 0-20,000/yr.

Lower Middle Class: 20,000-30,000

Middle Class: 30,000-60,000

Upper Middle Class: 60,000-100,000

Upper Class: 100,000+

Does this sound right? for a single income, I would double this list for married couples.
It really depends on the part of the country you're talking about. Income in the NYC metro area needs to be MUCH higher than say Arkansas or Oklahoma.
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Old 03-23-2009, 04:50 PM
 
Location: Southwest Missouri
1,921 posts, read 4,157,589 times
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You're ignoring a key component: location. $100k/yr in Milwaukee is a lot different than $100k/yr in Manhattan.
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Old 03-23-2009, 05:02 PM
 
Location: Mequon
6,862 posts, read 12,317,447 times
Reputation: 3029
Quote:
You're ignoring a key component: location. $100k/yr in Milwaukee is a lot different than $100k/yr in Manhattan.
True! I thought most people would just adjust to their area of the country, I don't expect somebody from Seattle to tell me what's middle class in Miami. So how would you classify class in your area?
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Old 03-23-2009, 05:04 PM
 
Location: Mequon
6,862 posts, read 12,317,447 times
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...And actually b/c Milwaukee has such high taxes and our downtown has experienced a boom we have the same cost of living as Miami,Fl.
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Old 03-23-2009, 08:31 PM
 
1,020 posts, read 1,609,507 times
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You've just asked a question that has boggled many economists and demographers for the ages. What is middle class? When does it start/stop? How do we compare middle classes across countries? What about standard of living? Is middle class in 1950 the same as today? Soooo many factors go into forming opinions on this matter, but no consensus has been made.

One way to define it is with statistics. You could say, for instance, everyone making within one standard deviation of the mean is middle class. Or, break it down further than that. One standard deviation below the mean is where lower middle class begins, and the point where one-half standard deviation below the mean is where lower middle class ends. At the point one-half standard deviation below the mean is where MIDDLE middle class begins, and it ends at one-half standard deviation above the mean. Then, from that ending point to one standard deviation above the mean is where upper middle class lies. Above that is wealthy (though the actual definition of this term in economics has nothing to do with income but with assets/investments). One problem with this, however, is if you have a mean much higher than the median or much lower. At that point, most of the income is going to the wealthy classes or there are many many people in the lower classes. Also, some argue location, taxes, and other factors that affect the amount of income to provide MINIMUM services let alone a set amount that will keep one comfortable.

You could also quantify goods/services used by consumers of all classes and determine what type of person is more likely to use that service/good (depending on income). Then, measure percentages of the populace using said goods/services and measure the average incomes and do other statistical extrapolations.

There is no exact science to measure it and there is much disagreement on the subject.
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Old 03-23-2009, 10:58 PM
 
Location: Scottsdale, Arizona
1,271 posts, read 3,261,689 times
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Ways to lie with statistics.... Ah know them well. I majored in Sociology-we get off on stuff like that. One of the ultimate exercises in how to lie with statistics to bring up an oldie but goodie: The Bell Curve (the book - not the "concept") if anyone remembers it. If you don't, find it and read it (if you can lol! including footnotes and bibliography word by word and number by number....). I won't spoil the fun but that book is what opened my eyes to the absolutely (skewed) and horrendous implications that can be drawn in manipulating statistics and generalizing them across a population...
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Old 03-24-2009, 02:00 AM
 
706 posts, read 2,516,867 times
Reputation: 323
Quote:
Originally Posted by Milwaukee City View Post
How do you define Lower Class? less than 25k a yr or 20k a yr? What is middle class 30k-50k? Upper Middle class? 50k-100k upper class? 100k-250k?

What are the ranges?

Here is How I would define it:

Lower Class: 0-20,000/yr.

Lower Middle Class: 20,000-30,000

Middle Class: 30,000-60,000

Upper Middle Class: 60,000-100,000

Upper Class: 100,000+

Does this sound right? for a single income, I would double this list for married couples.
Not for NY. Those numbers are quite low.

My take:

$30,000 wouldn't make lower middle class. I'd consider that low-income.

Your Upper Middle Class ($60,000 to $100,000) is closer to lower middle class or fairly equivalent to what we call "working class".

Your salary for Upper middle class $100,000 I'd consider the low end of middle class.

And upper middle class, I consider $200,000 or $250,000 to $500,000.
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Old 03-24-2009, 02:53 AM
 
Location: rain city
2,654 posts, read 7,350,359 times
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Doesn't middle class also represent certain possessions and acquisitions as well? Home owner, car owner, lawnmower.

What if you make $85,000 a year but choose to live in a cheap ratty apartment and take the bus to work? Your income may be middle class but the lifestyle isn't.
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Old 03-24-2009, 03:53 AM
 
706 posts, read 2,516,867 times
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Quote:
Originally Posted by azoria View Post
Doesn't middle class also represent certain possessions and acquisitions as well? Home owner, car owner, lawnmower.

What if you make $85,000 a year but choose to live in a cheap ratty apartment and take the bus to work? Your income may be middle class but the lifestyle isn't.
Well, the poster asked about salaries, but when I think of lifestyle?

just for example's sake


Upper Middle Class:

The Brady Bunch
(Father was an architect, nice house, nothing too fancy, no BMW's, but they had a maid.)

The Cosby's
(Obsetrician and attorney; nice Brownstone, oldest daughter attended NYU, younger Spellman...don't remember where Theo went to college, but they paid for college for three kidsave ).

The Jeffersons
George had very successful cleaning business, lived in Manhattan hi-rise with doorman.


Working Class
Sanford and Son
Had their own junk business, they got by.

All in the Family
Damn, I can't remember what the hell Archie did for a living.
They lived in little home in Astoria right?
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