(06-10-2016, 06:05 PM)happy medium Wrote: just out of curiosity, what do you guys consider lower, middle, high class to be in terms of money made a year? Total family/ household income? I guess it would depend on where you live, how many kids you have, your taxes and other things related to cost of living but in general lets hear you opinions.
I don't worry about money much class 400k+
high class = 250k+
upper middle class = ~170k
happy medium class
middle = ~100k
lower middle = ~80k
lower class = ~ 50k
poverty class = under 40k
Just a rough estimate, off the top of my head and a suggestion by sickbeast.
Truly rich: $5+ million net worth (as long as the income or asset appreciation maintains this)
"I don't worry about money much class" depends on so many other things in addition to income salary - many "barely-millionaires" still worry while not feeling like "millionaires" at all.
Comfortable upper class: 300K+ (My Dad maintained this income for over a decade until he sold off his business - yet, he's barely "comfortable" - more like "secure")
I agree with the rest - for cities like Philly, certainly! Yet, if it's a single guy with nothing to spend $ on but on himself, $100K could still make him more than HAPPY MEDIUM!
P.S. - just because my Dad made up to $600+K per year doesn't mean that I have a silver spoon in my mouth. He never really supported me, except for a few travel expenses to college (but NOT for college tuition) way back before he made more than $120K. So, I don't really feel like I was silver-spooned compared to other guys who had a gold spoon to play around with to boot. These guys have a hard time understanding how fortunate they are, when taking certain things for granted. They think that they worked so hard, that they took huge risks investing such and such, and therefore should earn billions of dollars for their efforts, while everybody else become their own slaves or servants earning a few pennies a hour. The "screw the American minimum wage, move all the jobs overseas" mentality is still running rampant among the unappreciative business owners who have this sadistic fantasy that the minimum wage should somehow stay the same for the rest of their lives.