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Without looking it up, how would you define middle class?

Financially speaking, I would define it as 80-150k a year. This is just my guess.

 
theutilitarian

Asked by theutilitarian at 1:01 AM on Aug. 13, 2009 in Just for Fun

Level 20 (8,842 Credits)
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Answers (10)
  • I agree with the others about location making a huge difference...the cost of living varies wildly, depending on not only what region of the country one lives in, but its proximity to a major metropolitan area. I am in the south, near Atlanta, and though I live pretty close to the city, we are known for relatively low cost of living. As an example, my house here, which is a 3 bedroom, 2 bath home over a partially finished basement and 2 car garage, is worth about $150K. I know someone who lived in the New Jersey area and told me that my house in NJ would be worth about $400K. Obviously that is an enormous difference!
    Here, I consider middle class to be an income of say $50-$150 K for a family of 3-5. Over $150K per year, I tend to start thinking upper-middle class. Over about $500K per year, and to me, you're upper class/wealthy. Not super-celeb rich, but wealthy enough.
    vicesix

    Answer by vicesix at 7:44 AM on Aug. 13, 2009

  • Well I define upper middle class that much, but just middle class would be 50-80k a year and lower middle class would be 40-70k a year. It really does depend on where you live.

    soonmommyof3

    Answer by soonmommyof3 at 1:03 AM on Aug. 13, 2009

  • I think middle class are those who sit comfortably. They can't buy a million dollar mansion, but aren't struggling either.
    SaraP1989

    Answer by SaraP1989 at 1:04 AM on Aug. 13, 2009

  • That's a good point soonmommyof3, it really does depend on where you live.
    theutilitarian

    Answer by theutilitarian at 1:06 AM on Aug. 13, 2009

  • okay here's a better point of view. This is what it would mean financially in Oklahoma to be upper middle, middle and lower middle class.


     Well I define upper middle class that much, but just middle class would be 50-80k a year and lower middle class would be 40-70k a year. It really does depend on where you live

    soonmommyof3

    Answer by soonmommyof3 at 1:07 AM on Aug. 13, 2009

  • We have one income for now since I'm in nursing school. My husband is a waiter and makes roughly $72,000 a year before taxes. We have an apt that we pay 1500/month for, 2 cars, 1 kid and 1 on the way, and all the usual utilities. You would think we have lots of spare money then right? Normally I'd say in our case we are middle class, but our son has a lot of health issues that costs us 14k the last 2 years, and my husband cost us 7k last year, so with 21k in medical bills, we have a very tight budget! We have good insurance too, but high deductibles. We are barely making ends meet because of this. (And no, I do not support UHC!) Take away our medical bills and we are def middle class. However with that much in medical debt, and growing every year due to deductibles starting over, we live as lower class.
    Anonymous

    Answer by Anonymous at 1:29 AM on Aug. 13, 2009

  • I am living off of 11,000 a year but I don't pay rent on my house. I am considered in the poverty level but I live in a middle class neighborhood. Go figure.
    ItsMeGigi69

    Answer by ItsMeGigi69 at 1:55 AM on Aug. 13, 2009

  • I wont put $$$ cause it does depend on where you live...
    Middle Class is when you are comfortable.. You feel "secure" ...You still have to budget respectively but are not worried about next months rent..
    MommaTasha1003

    Answer by MommaTasha1003 at 2:28 AM on Aug. 13, 2009

  • Where I live and keeping in mind the cost of living, middle class income would most likely be between 40K-75K. This income bracket includes lower middle class, middle class, and upper middle class.
    PrydferthMenyw

    Answer by PrydferthMenyw at 9:39 AM on Aug. 13, 2009

  • The 2009 Poverty Guidelines for the
    48 Contiguous States and the District of Columbia Persons in family Poverty guideline
    1 $10,830
    2 14,570
    3 18,310
    4 22,050
    5 25,790
    6 29,530
    7 33,270
    8 37,010
    For families with more than 8 persons, add $3,740 for each additional person.


    2009 Poverty Guidelines for
    Alaska Persons in family Poverty guideline
    1 $13,530
    2 18,210
    3 22,890
    4 27,570
    5 32,250
    6 36,930
    7 41,610
    8 46,290
    For families with more than 8 persons, add $4,680 for each additional person.


    2009 Poverty Guidelines for
    Hawaii Persons in family Poverty guideline
    1 $12,460
    2 16,760
    3 21,060
    4 25,360
    5 29,660
    6 33,960
    7 38,260
    8 42,560
    For families with more than 8 persons, add $4,300 for each additional person.
    Anonymous

    Answer by Anonymous at 10:19 AM on Aug. 13, 2009

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