I don’t really know how the different economic classes are defined. It seems like everyone who isn’t either wealthy or homeless likes to believe that they’re middle or upper-middle class. I’d argue that if you can’t afford a home, you’re low or lower-middle class.
This is not meant to be a judgement against people who can’t afford homes. If anything, I’m just pointing out the horrible income inequality and how the “vanishing middle class” has indeed vanished, to a large extent.
The middle class is the middle three household income quintiles.
From the study:
There’s no single definition of the middle class, but one of the most go-to benchmarks is Pew Research’s household income percentile ranges for economic classes, which go as follows:
- Lower-middle class: 20th - 40th percentile
- Middle class: 40th - 60th percentile
- Upper-middle class: 60th - 80th percentile
Based on these percentile ranges, America’s “middle class” households fall into three main income tiers:
- Lower-middle class: $30,001—$58,020
- Middle class: $58,021—$94,000
- Upper-middle class: $94,001—$153,000
Just tells me I’ve been nothing but poor my entire life
Yeah the real story is what was the middle class is now lower and upper class is now middle and you have to be wealthy to be upper. ie - modest stand alone houses are doctor/lawyer territory and having a mcmansion is like business owners.
Generally the definitions i’ve seen economists use is that the middle class is defined as people who earn the majority of their money from an actual salary instead of stocks, either as bonuses or from investments, and as such are working class and not part of the ownership class, but who can also lose their job and have six months of savings to comfortably find a new one and as such are not poor either.
I don’t really know how the different economic classes are defined. It seems like everyone who isn’t either wealthy or homeless likes to believe that they’re middle or upper-middle class.
And that’s by design. “Middle class” is pretty much a propaganda term. In reality there’s only two classes: working class and owner class.
Don’t know what you’re all complaining about all the time then 🤷♂️.
I drive a 911, will retire at 50, and own my own home. Working class is doing just fine.
it’s true.
i don’t have cancer, so maybe those who do should stop complaining.
Woosh.gif
If you’re not an AI, you should go back to school, because you’re fucking stupid using an anecdote to dismiss data. Fucking pathetic.
Bruh, you are way off in left field spouting nonsense about an unrelated topic. You have entirely missed the point. You seemed to have latched on to my income level and entirely missed while shouting at me how pointless and stupid it is to say the middle class is a made up term.
I offer you zero points and may God have mercy on your soul.
