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tell me what is Middle class to you\

 
holymerrymotherofgod

User ID: 24861182
United States
10/03/2012 03:37 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


poor = stay somewhere (rent), 15+ year old car if you're lucky, sometimes you work if you have to

middle class = have a house, new car, job, all on credit

rich = have a house, new car, job all paid for

wealthy = have multiple houses, multiple new cars, job all paid for

:)
 Quoting: ^TrInItY^


But...if I were to win a billion dollar lottery, I would live in hotels, drive a classic car, and sometimes work if I had to.

And if I had a house and car and job on credit, i would be sort of a sharecropper, wouldn't I? Sharing my income with the bank for the privelege of having what I need to work and live.

A lot of worried retirees have two houses, several new cars all paid for and worry about keeping up on property taxes, insurance etc.
holymerrymotherofgod

User ID: 24861182
United States
10/03/2012 04:28 AM
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Re: tell me what is Middle class to you\
I still have my .72 cents, but a am a rich girl...because life is not about money.

If you think your happiness depends on the personality in your wallet you might want to think about your values and what is really important. My kids are healthy, my immediate family is whole and there is love....what more could a person want? Money is stupid and a farse...even if you had a million dollars you would not be happy because your values are all messed up....
 Quoting: Anonymous Coward 24796015



But the question was just what is your definition of middle class. Not what are your values. hf
 Quoting: Sloane


I think she defined middle class values--at least traditional wholesome middle class values--the ability to be content to raise healthy children in a whole and loving family --which she contrasts to an insane dependence on money as a measure of personal worth.
 Quoting: holymerrymotherofgod


How can you equate values with financial class? Like only the middle class has traditional moral values? That's bullshit. Shitty people come out of all classes. Happy, healthy, loving homes can exist in any class!

But what do I know, I was born into a poor dysfunctional family.
 Quoting: Anonymous Coward 2566322


We did not insult you! Perhaps we are saying Americas "middle class" includes everyone who shares those values and strives for them. "Middle class" in America doesn't depend on finances.

I know a couple who had a house the size of some peoples tool sheds. He was a carpenter. She was a sahm and babysitter. They cherished their son. They had the whole middle class "deal" on a very small income.

I know another couple. They kill themselves to be multi-millionaires. She works herself into disabling migraines. She cries with fright and loneliness alone in a big empty house while he is in a third world hotel surrounded by beggars. They are poorer than drug addicts living in condemned squats.

I once met a woman who had been a drug dealer/gang member doing terrible things and taking terrible risks with terrible people--and when she talked about how great it was she talked about a little house in a working class neighborhood for her kids and aunt...and when she got "straight" her life was shelters and welfare and low wage labor and ghetto. I don't know how to fit her into this discussion.

Or what to say about Iraqi immigrants who were doctors and nurses and engineers with companies, came here with promised asylum and now get to live on welfare or high school drop out jobs.

I've seen foreign students raise families on tiny stipends and little workstudy jobs. Some are "middle class" and some are "ghetto trash". On the same small opportunities for earned income.
holymerrymotherofgod

User ID: 24861182
United States
10/03/2012 04:39 AM
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Re: tell me what is Middle class to you\
In the uk

Working class means you work for someone
Middle class means people work for you ie business owner
Upperclass are basically royalty barons and lords etc
 Quoting: Anonymous Coward 24837183


So...if two lords go broke and one buys a sandwich shop and they both work there...are they working, middle or upper?
Accidental Stoner
User ID: 24420373
Finland
10/03/2012 04:44 AM
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Re: tell me what is Middle class to you\
chuckle
Anonymous Coward
User ID: 15600640
United States
10/03/2012 05:18 AM
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Re: tell me what is Middle class to you\
A definition created by experts...aka assholes from out of town with a clip board.
BambiGirl

User ID: 21600235
United States
10/03/2012 05:28 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


poor = stay somewhere (rent), 15+ year old car if you're lucky, sometimes you work if you have to

middle class = have a house, new car, job, all on credit

rich = have a house, new car, job all paid for

wealthy = have multiple houses, multiple new cars, job all paid for

:)
 Quoting: ^TrInItY^


yep
"We are locked in a battle. This is not a friendly gentleman's discussion. It is a life and death conflict between the spiritual hosts of wickedness and those who claim the name of Christ".

Francis A. Schaeffer
Anonymous Coward
User ID: 1378669
United States
10/03/2012 05:34 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


To me, middle class is 40k per year per individual.

Rich is $10 million or more.

Wealthy is $500 million or more.
Anonymous Coward (OP)
User ID: 7280888
United States
10/03/2012 06:29 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


To me, middle class is 40k per year per individual.

Rich is $10 million or more.

Wealthy is $500 million or more.
 Quoting: Anonymous Coward 1378669


5*+ 's to the answer I was looking for

thanks to all for your input

The fact that we have the dying breed of Middle class society in AmeriKa
is a sad shame to all citizens that held their love
for a nation that seems to be in the throws of a most
unprecedented decay.

thank You All !
Anonymous Coward
User ID: 24821273
United States
10/03/2012 06:40 AM
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Re: tell me what is Middle class to you\
lower class - welfare and working poor.

middle class - working comfortable w/assets & debt.

upper middle class - retired or working w/assets no debt.

upper class - retired or working w/assets over $1M no debt.

wealthy - large assets that work for you. no debt.
Anonymous Coward
User ID: 1492619
10/03/2012 06:43 AM
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Re: tell me what is Middle class to you\
Middle class in any country can be measured like this.

2x Cop salary
No Art No Class
User ID: 24867358
Germany
10/03/2012 06:44 AM
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Re: tell me what is Middle class to you\
Middle class is what is having comfortable sight and distance to poor, but, has to said too, is obliged to stress the view up at many times to people of higher rank.

Middle class is allowed to play with some values of the upper rich. This at all to impress themselves, will say to offer a distance between middle-class people and of course to the poor those hungry and stolen sights at their better stand of living is quite a delicious, nutritious meal for the morality for them, claiming, the pride of this class is depending of.

Some say, you are middle-class if having at least one slave. But because often the female in the house could be find in such a position, the criteria is not that cute.
Anonymous Coward
User ID: 18942840
Canada
10/03/2012 06:45 AM
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Re: tell me what is Middle class to you\
Between my wife and I we earn around 100,000. By the time all the bills are paid and some set aside for a rainy day and our kids college fund, we are looking forward to the next paycheque. We have a simple $200,000 dollar home and 1 van. Nothing extravagant. We try to save up for emergencies like car repairs because we try to never use credit.
Anonymous Coward (OP)
User ID: 7280888
United States
10/03/2012 06:46 AM
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Re: tell me what is Middle class to you\
lower class - welfare and working poor.

middle class - working comfortable w/assets & debt.

upper middle class - retired or working w/assets no debt.

upper class - retired or working w/assets over $1M no debt.

wealthy - large assets that work for you. no debt.
 Quoting: Anonymous Coward 24821273


pretty much accurate

I guess poor is just a "state of mind"
Anonymous Coward (OP)
User ID: 7280888
United States
10/03/2012 06:48 AM
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Re: tell me what is Middle class to you\
Middle class is what is having comfortable sight and distance to poor, but, has to said too, is obliged to stress the view up at many times to people of higher rank.

Middle class is allowed to play with some values of the upper rich. This at all to impress themselves, will say to offer a distance between middle-class people and of course to the poor those hungry and stolen sights at their better stand of living is quite a delicious, nutritious meal for the morality for them, claiming, the pride of this class is depending of.

Some say, you are middle-class if having at least one slave. But because often the female in the house could be find in such a position, the criteria is not that cute.
 Quoting: No Art No Class 24867358


a very interesting thought
Anonymous Coward
User ID: 24867627
United States
10/03/2012 06:58 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


if you go back to 60's 70's standard true middle class would be $200k-1mil. today . rich is 10mil+. i took an economics class where we covered this very subject and the middle class no longer starts at 40k but the gov. still says it does so they can act like we still have a large middle class.
Anonymous Coward (OP)
User ID: 7280888
United States
10/03/2012 07:04 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


if you go back to 60's 70's standard true middle class would be $200k-1mil. today . rich is 10mil+. i took an economics class where we covered this very subject and the middle class no longer starts at 40k but the gov. still says it does so they can act like we still have a large middle class.
 Quoting: Anonymous Coward 24867627


quite true
Anonymous Coward
User ID: 17478519
United States
10/03/2012 07:32 AM
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Re: tell me what is Middle class to you\
Its going to depend upon cost of living, but in general, I'd say its 50k-200k per year per household. Up to $1 million I'd call upper class. Anything above that would be rich.
Anonymous Coward
User ID: 24115171
United Kingdom
10/03/2012 07:46 AM
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Re: tell me what is Middle class to you\
Social Leeches are people who are fit to work, but choose not to, they exist on handouts.

Working class to me is somebody who works to survive because they have too much pride to accept their lot and be a burden on the state, if they came from a proud familiy with a good work ethic they can often end up as middle class or upper middle class, Occupations such as School Teachers skirt the threshold between working class and middle class.

Middle class to me is somebody whose parents were doctors or lawyers, professors, airline pilots etc. Somebody who could afford to be sent to private school and no university was out of the question.. they probably got a new car for their 18th birthday. They still work for a living but their family background gave them a much better start than somebody from a working class background.

Upper Middle Class is the elite of the middle class, they are not filthy rich, and probably worked for everything they have or at least made some good investments.. generally at least millionaires they probably dont want for anything within reason. They could probably afford to uproot their entire lives and emigrate or move without blinking an eyelid.

Indirectly they probably dont work anymore, but have significant investment portfolios consisting of property they rent out which generates an income. Think CEO's of medium size companies.

Upper Class People who have inherited wealth and were born into a life of privilege, they have enough money so that unless they made some very seriously terrible investments its not likely they will ever want for anything.

Could buy a small island like a working class or middle class person buys a car or house.

Elite People who have so much money its almost impossible to spend it, if they removed it from one particular bank it could cause economic problems.

These people have enough money to buy small countries, and probably have a collection of 250 thousand dollar watches and famous pieces of art.
Anonymous Coward
User ID: 24868786
Australia
10/03/2012 07:58 AM
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Re: tell me what is Middle class to you\
Middle class is another fucking label.

By whose standard do we measure our "class"?
Anonymous Coward
User ID: 24115171
United Kingdom
10/03/2012 08:04 AM
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Re: tell me what is Middle class to you\
Middle class is another fucking label.

By whose standard do we measure our "class"?
 Quoting: Anonymous Coward 24868786


Aye, i dont hate anybody from any class, but people only earn my respect by proving themselves worthy of it. How much they earn or what they do is irrelevant.

I know rich people who are naive and somewhat stupid and i know poor people who are very intelligent, work really hard but just never got to exercise that in a field which would have allowed them to progress up the social ladder so to speak.
Anonymous Coward
User ID: 24018429
United States
10/03/2012 08:51 AM
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Re: tell me what is Middle class to you\
im not sure what middle class is anymore. But i have decided this. When it comes to net worth debt needs to be subtracted. For example I am poor. But i do not owe this gov't any money. No loans, no credit cards, i own my car...etc. So arent i rich in a way?
 Quoting: Qarley


Haha, I was gonna say something like this. What makes one middle class? A 150,000 dollar mortgagae and 20,000 credit card debt.

Me, I'm "poor" but everything I own is mine. Plus, theres a bit stashed away. :)
Northman

User ID: 1133838
United States
10/03/2012 08:56 AM

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Re: tell me what is Middle class to you\
Middle class = household income of about $200k/year
 Quoting: Wonkish
That would make the middle class a relatively small minority, about 20% of the population.
Anonymous Coward
User ID: 1170214
United States
10/03/2012 08:56 AM
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Re: tell me what is Middle class to you\
The dollar has lost 95% of its value, price(not monetary) inflation today is over the top in relation to what the average persons income in the US is , if prices of goods/sevices where really to reflect the true current income of most people today those prices should be at least half of what they currently are.

Anything under half a million in family income a year is middle class and all its sub classifications to me
Anonymous Coward
User ID: 1253249
United States
10/03/2012 08:59 AM
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Re: tell me what is Middle class to you\
I would say middle class starts at 80K and I would put lower middle class from 50 - 80 K.

Of course it's all relative to ones local economy.
 Quoting: DOT 2 DOT


well damn i'm dirt fucking poor then
 Quoting: Anonymous Coward 2566322



yes i'm glad you are waking up. actually 50k is top of lower class these days. we make about 50 and are not spendthrifts. we are barely making it month to month. no health care, life ins. old cars, nothing extra.
Anonymous Coward
User ID: 14746332
United States
10/03/2012 08:59 AM
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Re: tell me what is Middle class to you\
The definition of middle class is a family who does not have to rely upon the government for anything to make ends meet.
Anonymous Coward
User ID: 1253249
United States
10/03/2012 09:04 AM
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Re: tell me what is Middle class to you\
Its going to depend upon cost of living, but in general, I'd say its 50k-200k per year per household. Up to $1 million I'd call upper class. Anything above that would be rich.
 Quoting: Anonymous Coward 17478519



try starting at 80-90k below that is definitely working class.
Anonymous Coward (OP)
User ID: 7280888
United States
10/03/2012 09:04 AM
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Re: tell me what is Middle class to you\
The definition of middle class is a family who does not have to rely upon the government for anything to make ends meet.
 Quoting: Anonymous Coward 14746332


another solid answer
Anonymous Coward
User ID: 24492505
Canada
10/03/2012 09:17 AM
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Re: tell me what is Middle class to you\
Owning a good house in the city (not on a big mortgage), and one reasonable car (a sedan).

These next two are givens in Canada, but not the US: Sending kids to a good school that doesn't close any doors for them, and having full healthcare coverage for the whole family.

The family can afford to buy normal technology, organic food, and good clothes, but not designer clothes, fancy jewellery and top-end gadgets. The family can afford to go on vacation once a year.

No major debts of any kind, RRSP contributions regularly made and on target for the retirement plan you have set up for yourselves. (For you Americans, I think your RRSP is your 401K). Retirement age is 60-65. The retirement plan is to largely maintain the current quality of living standard that you have now.

Considerably worse than this is lower class. Considerably better than this is elite.
Anonymous Coward
User ID: 24418900
United States
10/03/2012 09:18 AM
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Re: tell me what is Middle class to you\
30k per single or Just what

remember the more you make the more One spends


At what point Is some ONE rich ?

150k 500k or ?



thank you in advance for your input!
 Quoting: AnotherOne


poor = stay somewhere (rent), 15+ year old car if you're lucky, sometimes you work if you have to

middle class = have a house, new car, job, all on credit

rich = have a house, new car, job all paid for

wealthy = have multiple houses, multiple new cars, job all paid for

:)
 Quoting: ^TrInItY^


Trinity just summed it up perfectly!
Anonymous Coward
User ID: 24278562
Canada
10/03/2012 09:20 AM
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Re: tell me what is Middle class to you\
Well given the dynamics of the local economy in San Diego:

Lower Class: 0-30,000
Upper Lower Class: 40-50,000
Lower Middle Class: 50-65,000
Average Middle Class: 65,000-95,000
Upper Middle Class: 95,000-125,000
Lower Upper Class: 125,000-200,000
"Rich" (A solid foothold in the upper class bracket): 200,000+
"Wealthy" (The infamous 1%): 350,000+ minimum.

Keep in mind this is what the class bracket in Southern California look like based upon my experiences and observations over the years.
 Quoting: Anonymous Coward 24828616


So what are millionaires?

Billionaires?

Billionaires are the 1%, not people in the 350K range.

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