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It isn't black and white as it seems. Do you go out every night and spend $100. Do you live in NYC and pay $2500 for a apartment. We need a lot more details on where you live and your expenditures. It all comes down to how much you have left over. If your making 50k and spendng 50k with no savings or anything to show you might be living above your means. If your maing 50k and saving 25k that is a whole different scenario.
Depends on where you live if it even lower middle class actaully. Not in most major urban cities. As far a income based middle class its all about what buying power you income has ;not really about what you buy.We are not talking about wealth as that is another subject.
It'd be a great income for me and my family (five total). We live in an area with a moderate cost of living and we are very used to living frugally and have lived on much much less than that. 50k a year would be living high on the hog for us. Totally different story for a different person in a different area and all that.
To answer your question on a broad basis, I would say yes. There are a lot more cities in the US than not, that you can live very comfortably on that. However if you are older (55+) and have to buy your own health insurance, that will take a good bite out of it (like $10,000 a year)
It depends on your lifestyle and how much you spend. I wouldn't know what to do with that much money. So, I don't sell that much of my time because I just don't need it. But if you need that much, then... you need to sell that much of your time. Totally depends on your expenses.
Personally, I don't look at it as money. I look at it as my time. I sell as much of my time as I need to to cover my expenses and "rainy day" fund. If that equates to a few hours a day, great. If it equates to 10 or 12 hours a day, not so great. But you do what you have to. I'm certainly not going to blow 10 hours of my day every day if I don't need to.
Depends on where you live, what it costs, and how you want to live.
For me and my situation, I would live very well off that amount. People with other wants who live in other places? Doubtful they'd find it enough. I know those who would roll their eyes at it, and those for whom it would constitute a major raise.
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Totally different story for a different person in a different area and all that.
