Rich (Now with the Upper Middle Class) - Page 58 - Politics and Economics

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Rich (Now with the Upper Middle Class)

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07-09-2014 , 09:00 PM

#1426

bobman0330

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Join Date: Aug 2004 Posts: 24,234

Quote:

Originally Posted by dessin d'enfant

Not even close

http://www.theatlantic.com/politics/...-class/278240/

Shows 91% self-identify as some variant of middle class...

07-09-2014 , 09:12 PM

#1427

schu_22

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Join Date: Jan 2012 Posts: 38,430

120K is certainly upper-middle class, wtf

07-09-2014 , 09:13 PM

#1428

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by bobman0330

Shows 91% self-identify as some variant of middle class...

We were talking about people who self identify as upper middle class.

07-09-2014 , 09:14 PM

#1429

dessin d'enfant

Guest

Posts: n/a

Quote:

Originally Posted by schu_22

120K is certainly upper-middle class, wtf

So again, a couple making 60k each get married and they are "certainly upper-middle class"? We have a term for this couple and its middle class.

07-09-2014 , 09:16 PM

#1430

ikestoys

banned

Join Date: Nov 2006 Posts: 94,428

Quote:

Originally Posted by dessin d'enfant

So again, a couple making 60k each get married and they are "certainly upper-middle class"? We have a term for this couple and its middle class.

That's an interesting question, but not what happened here. This was a man making 90k working full time and a woman working part time making 30k. Regardless, a married couple making 120k/yr is 72nd %tile.

07-09-2014 , 09:24 PM

#1431

schu_22

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median among married couples is 77K so yeah 120 is upper-middle

07-10-2014 , 07:21 PM

#1432

dessin d'enfant

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Quote:

Originally Posted by schu_22

median among married couples is 77K so yeah 120 is upper-middle

This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".

07-10-2014 , 07:22 PM

#1433

Riverman

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lol max

07-10-2014 , 07:40 PM

#1434

suzzer99

Save the Cheerleader, Save the World

Join Date: Nov 2005 Posts: 99,011

Quote:

Originally Posted by dessin d'enfant

This is crazy. 2 people with college degrees and jobs getting married is not upper middle class. Upper middle class people can afford live in help if they want, pay fully for their kids education without loans and have 7 figure savings outside of their retirement accounts. There is a cultural difference between middle class and upper middle class that is more than just "I'm above the mean".

My boss and his wife can't do that and they make $300-$400k between them. I don't think upper-middle class should be constrained by the ridiculous cost of housing in some areas and education everywhere. By your definition upper-middle class excludes all but about the top 1%.

07-10-2014 , 07:42 PM

#1435

MrWookie

Don't Call Me Meredith

Join Date: Feb 2005 Posts: 94,157

Quote:

Originally Posted by dessin d'enfant

I got this as solidly upper class.

07-10-2014 , 07:44 PM

#1436

dessin d'enfant

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Posts: n/a

Quote:

Originally Posted by suzzer99

Thats a feature not a bug imo. You basically do need to be in the top 1% to be upper middle class in NYC/SF etc. In the vast majority of the US 400k will be able to do all the things I listed.

07-10-2014 , 07:46 PM

#1437

Riverman

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Max you are insane. In basically the entire midwest 400k a year gets you an enormous house, private schools, country club, nanny and very nice vacations, with room to spare for savings. I suspect whats going on here is you are trying to somehow classify yourself as middle class with your 500kish hedge fund job or something?

07-10-2014 , 07:51 PM

#1438

dessin d'enfant

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Posts: n/a

Quote:

Originally Posted by Riverman

Max you are insane. In basically the entire midwest 400k a year gets you an enormous house, private schools, country club, nanny and very nice vacations, with room to spare for savings. I suspect whats going on here is you are trying to somehow classify yourself as middle class with your 500kish hedge fund job or something?

Thats exactly what I said. 400k is more than enough to be UMC in all but the most expensive of places. Tons of people deal with god awful commutes to NYC just to have an upper middle class house/lifestyle that they couldn't get in Manhattan.

Last edited by dessin d'enfant; 07-10-2014 at 07:56 PM.

07-10-2014 , 08:33 PM

#1439

ikestoys

banned

Join Date: Nov 2006 Posts: 94,428

Quote:

Originally Posted by dessin d'enfant

THIS IS WHAT LIBERALS ACTUALLY BELIEVE!

(lol that's a joke guys)

Seriously awful posting right there.

07-10-2014 , 08:47 PM

#1440

dessin d'enfant

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Posts: n/a

Its amazing the stuff you don't know Ikes. "He comes from an upper middle class family....his dad is a high school teacher and his mom is a secretary" said nobody ever.

07-10-2014 , 09:31 PM

#1441

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,476

Quote:

Originally Posted by dessin d'enfant

Its amazing the stuff you don't know Ikes. "He comes from an upper middle class family....his dad is a high school teacher and his mom is a secretary" said nobody ever.

Pretty sure ikes just wants to pretend that physicians are rich, so an engineer and a dental assistant have to be solidly upper middle class...

07-10-2014 , 09:34 PM

#1442

ikestoys

banned

Join Date: Nov 2006 Posts: 94,428

well.... considering dems on this board tell me my future salary is above the rich line on its own, and my wife gets her doctorate tomorrow......

But **** it, UPPER MIDDLE CLASS baby, that's when you can afford a nanny and a mercedes and nothing before! That's what I'll be! Right there with the plebes.

07-10-2014 , 10:22 PM

#1443

schu_22

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Join Date: Jan 2012 Posts: 38,430

Quote:

Originally Posted by dessin d'enfant

hoooooly **** lol

Tell me, what level of income do you put the cutoff between middle class and upper-middle class? Between upper-middle and upper class?

What percentile on the income scale are those numbers found? And what percentage of the American population do you classify as "upper-middle class?"

Tell us, I'd like another laugh

07-10-2014 , 10:25 PM

#1444

SenorKeeed

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Join Date: Jul 2006 Posts: 37,476

Family of four outside of NYC/SF? Probably around $270k/year. It has nothing to do with percentile, it's a lifestyle issue.

07-10-2014 , 10:27 PM

#1445

schu_22

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You've answered none of my questions

07-10-2014 , 10:29 PM

#1446

SenorKeeed

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Join Date: Jul 2006 Posts: 37,476

We were talking about the cut off between middle and upper middle class?

07-10-2014 , 10:30 PM

#1447

ikestoys

banned

Join Date: Nov 2006 Posts: 94,428

Quote:

Originally Posted by SenorKeeed

Family of four outside of NYC/SF? Probably around $270k/year. It has nothing to do with percentile, it's a lifestyle issue.

07-10-2014 , 10:32 PM

#1448

schu_22

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Join Date: Jan 2012 Posts: 38,430

Quote:

Originally Posted by SenorKeeed

We were talking about the cut off between middle and upper middle class?

And you think that cutoff is at 270K/yr income? Keep going...

07-10-2014 , 10:33 PM

#1449

SenorKeeed

mew mew mew

Join Date: Jul 2006 Posts: 37,476

Yes, that's what I think.

07-10-2014 , 10:37 PM

#1450

schu_22

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That's the 94th percentile among married couples only. 96th overall.

That means that what, like 3% of the country is upper-middle class and 2% is upper-class? Sounds completely reasonable. Good to know that two married people making $100k/yr each are solidly middle-class folk too. Which means I'm like well below your poverty line which is at what, 65K/yr?

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