What annual gross income qualifies one to be in the "middle class of America"?
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What is your definition of middle class?
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It's a matter of values, such as thrift, ability to defer gratification in the short term in order to seriously plan for the long haul, and a high regard for formal education. One can have a blue collar job, but have these traits and thus be considered middle class.Last edited by Exile; 05-16-2008, 12:10 AM.
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Originally posted by Sporkman View PostIMO, middle class = having to work for a living, but not an excessive amount (i.e. you get weekends), and being able to afford a house & other amenities like a car, nice appliances, the occasional vacation, etc.
College isn't a factor, IMO. Most of my friends have little or no college and make more than many college graduates.
Being middle class means you have extras and are not mooching off the system.
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Originally posted by m3racer View PostWhat annual gross income qualifies one to be in the "middle class of America"?
"According to The New York Times' Class Matters series and the U.S. Census Bureau statistics from 2000 and 2003, if you make up to $25,000 per year, you are lower class; if you make between $25,000–$70,000, you are middle class; if you make over $70,000 per year, you are upper class."
Of course the $25,000-$70,000 number is from 2003. With time and inflation, I would definitely say that number has gone up and is probably closer to $40,000.
Also on the show it talked about since we don't usually see people's pay checks, people look at other factors to determine social class. The expert on the Oprah show said that there are three common indicators of class: weight, teeth and dialect (language).
Also the show mentioned part of defining social class is a "family's ability to provide their children with a quality education, health care and access to other resources."
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Originally posted by Sporkman View PostIMO, middle class = having to work for a living, but not an excessive amount (i.e. you get weekends), and being able to afford a house & other amenities like a car, nice appliances, the occasional vacation, etc.
We rent, have an income close to 90K, and couldn't DREAM of buying a house here. We are middle class (and actually higher than the typical household here). I do look forward to some sanity returning to our housing market, but for now it's a no-go.
I do think a middle class couple probably "should" be able to afford a basic house!
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if you make up to $25,000 per year, you are lower class; if you make between $25,000–$70,000, you are middle class; if you make over $70,000 per year, you are upper class.
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