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- Most people seem to identify themselves as being in the "middle class".
- But even the federal government doesn't define what the middle class is.
- The U.S. Census' highest income category simply states "$250,001 and above" which results in a unfair amount of ambiguity about how high incomes go. It also makes it easier for us to believe $250,000/yr. is about as high as it gets and, therefore, we might not be so bad off financially.
But it seems to me a personal/family income of $250,001/yr shouldn't be counsidered similar to those with a personal/family income of $10,000,000/yr.
To do so would be to say a person/family with an income of $25,000/yr. is similar to an income of $1,000,000/yr. and we know this is not the case.
So, given that there are people/families which make $10-$100 million/yr (and have net worths of over $1 billion) what do you think should be considered "middle class".
- Most people seem to identify themselves as being in the "middle class".
- But even the federal government doesn't define what the middle class is.
- The U.S. Census' highest income category simply states "$250,001 and above" which results in a unfair amount of ambiguity about how high incomes go. It also makes it easier for us to believe $250,000/yr. is about as high as it gets and, therefore, we might not be so bad off financially.
But it seems to me a personal/family income of $250,001/yr shouldn't be counsidered similar to those with a personal/family income of $10,000,000/yr.
To do so would be to say a person/family with an income of $25,000/yr. is similar to an income of $1,000,000/yr. and we know this is not the case.
So, given that there are people/families which make $10-$100 million/yr (and have net worths of over $1 billion) what do you think should be considered "middle class".
Even on over taxed super expensive Long Island, net income of 250K is a very, very livable wage. I'm all for putting additional tax brackets in for those making 1M and more.
My definition of middle class..............Pay your bills, put a little away for your kids education and your retirement (401K) take a vacation once a year, go out to eat once in a while or to the movies. If you can do that your middle class in my book.
There should be no taxes raised a penny until spending controls are put on these legislators. They will just spend what they bring in and then some as history suggests. You give your 16yo a credit card what will they do? Same thing congress does. Time to take the card away.
There should be no taxes raised a penny until spending controls are put on these legislators. They will just spend what they bring in and then some as history suggests. You give your 16yo a credit card what will they do? Same thing congress does. Time to take the card away.
I may have to take a few days off the internet if I have to hear anymore people repeat these friggin cliches. At least come up with some new way to describe it, you people are boring the heck out of me.
I may have to take a few days off the internet if I have to hear anymore people repeat these friggin cliches. At least come up with some new way to describe it, you people are boring the heck out of me.
I don't know how you put icing and sprinkles on "don't spend more than you take in" - but they ain't doing it. So it needs to be repeated until they get it.
- Most people seem to identify themselves as being in the "middle class".
- But even the federal government doesn't define what the middle class is.
- The U.S. Census' highest income category simply states "$250,001 and above" which results in a unfair amount of ambiguity about how high incomes go. It also makes it easier for us to believe $250,000/yr. is about as high as it gets and, therefore, we might not be so bad off financially.
But it seems to me a personal/family income of $250,001/yr shouldn't be counsidered similar to those with a personal/family income of $10,000,000/yr.
To do so would be to say a person/family with an income of $25,000/yr. is similar to an income of $1,000,000/yr. and we know this is not the case.
So, given that there are people/families which make $10-$100 million/yr (and have net worths of over $1 billion) what do you think should be considered "middle class".
The republicans are making sure that question want even matter soon. And the frogs just sit in the warming water.
Regarding the OP, median income (not average) is around $50K-$60K.
I think you need to take more than income into consideration. You can make the median amount and be functionally poor based on life choices.
Middle class is based more on perception in our culture. You got a car and a decent house/apartment, and a job, and can support the basic needs - you are considered middle class.
With regards to the whole political rhetoric and how the middle class is used - I would rather politicians do what's best without reference to class and let the people work their way through their issues as they see fit.
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