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In the poor thread it raised a question to me, what is middle class. I think that we will all have very different ideas. What are your thoughts?
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How do you account for cost of living in states because $140k isn’t middle class in some areasThe middle fifth of income.
We usually expand it to be the middle 60% of family incomes. So, like 2/3 median income to double median income. Like 45k - 140k or something.
Or you can look at it by profession. Professionals... engineers, teachers, police, nurses (not counting Nurse Practitioners), social workers, accountants, marketing, etc. Generally a lot of white collar jobs.
Maybe, if so I missed it.didn't we do this thread not that long ago?
im sorta remembering it was a PDB threadMaybe, if so I missed it.
How do you account for cost of living in states because $140k isn’t middle class in some areas
I should have been more specific. SF, NY, parts of CT, LAetcYou said "state" - median household income in Hawaii (most expensive state to live in) is $74k. So I don't see how 140k in any state wouldn't be, at least, middle class.
But in some "areas" one million per year wouldn't be "middle"
So I'm not really sure what you're trying to establish
im sorta remembering it was a PDB thread
but with such a neutral title, search option wasn;t much help
anyway, carryon
I don't think professions are a very good way to look at it as a lot of tradesman jobs pay a lot more than white collar jobs. Doesn't make much sense to say a social worker is middle class with an average salary under $50,000 while an oilfield worker or lineman is not middle class because they are blue collar but make significantly more money.Or you can look at it by profession. Professionals... engineers, teachers, police, nurses (not counting Nurse Practitioners), social workers, accountants, marketing, etc. Generally a lot of white collar jobs.
Now that's the secret.How do you account for cost of living in states because $140k isn’t middle class in some areas
I don't think professions are a very good way to look at it as a lot of tradesman jobs pay a lot more than white collar jobs. Doesn't make much sense to say a social worker is middle class with an average salary under $50,000 while an oilfield worker or lineman is not middle class because they are blue collar but make significantly more money.
I should have been more specific. SF, NY, parts of CT, LAetc