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Is middle class really at least 6 figures? #4551684
10/23/17 07:12 AM
10/23/17 07:12 AM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 5,943
Michigan
Many would say the median income around $52,000 is middle class. But with two income households and Billionaires throwing the average off, isn't at least 6 figures more realistic for a decent middle class life?
I am talking the American Dream: good house, cars, vacations, savings, retirement accounts, sending kids to college etc

Last edited by ZZman; 10/23/17 07:12 AM.

2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551686
10/23/17 07:14 AM
10/23/17 07:14 AM
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
StevieC Offline
StevieC  Offline
Joined: Aug 2008
Posts: 18,298
Ontario, Canada
The powers that be are working hard to eviscerate the middle class with the great race to the bottom. I would peg the average at $100K USD Household Income. (California, New York skew this)

Last edited by StevieC; 10/23/17 07:22 AM.

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Re: Is middle class really at least 6 figures? [Re: ZZman] #4551688
10/23/17 07:19 AM
10/23/17 07:19 AM
Joined: May 2003
Posts: 9,334
Central Coast, Calif.
tom slick Offline
tom slick  Offline
Joined: May 2003
Posts: 9,334
Central Coast, Calif.
It depends on where you live. In the county where I live $65k is considered “poverty level” for a family by HUD.


You get what you pay for...
So keep in mind how much you paid for this advice.
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551691
10/23/17 07:29 AM
10/23/17 07:29 AM
Joined: Jun 2015
Posts: 459
Brunswick, GA
xshoex Offline
xshoex  Offline
Joined: Jun 2015
Posts: 459
Brunswick, GA
In my town I dont know what the average income in but if you bring home 35ish you'll live pretty good


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00 BMW 323i e46 143k CarQuest Euro 5w40 & MANN
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551695
10/23/17 07:33 AM
10/23/17 07:33 AM
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
CincyDavid Offline
CincyDavid  Offline
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
If we hadn't sent the kids to private schools and weren't helping with their college expenses, we'd be living a lot better than we are. Having said that, even in a relatively inexpensive part of the Midwest, I would have to think that it would be tough to live on a gross income less than $100k for a 4 person household and legitimately consider yourselves "middle class", whatever that means.


06 Kia Sportage EX greenish gold(ugliest color ever)
11 Jeep Grand Cherokee Limited HEMI Mineral Gray
14 Honda Accord LX metallic black
17 VW Jetta SE black
Re: Is middle class really at least 6 figures? [Re: xshoex] #4551703
10/23/17 07:39 AM
10/23/17 07:39 AM
Joined: Jun 2010
Posts: 591
Florida
Dumc87 Offline
Dumc87  Offline
Joined: Jun 2010
Posts: 591
Florida
Originally Posted By: xshoex
In my town I dont know what the average income in but if you bring home 35ish you'll live pretty good


It's a poverty life for me, as I make under 35K lol


'90 Z32 - PP HM 10w30
'98 ZJ - PYB HM 10w40
'02 G20 - QS UD 5w30
'09 Matrix - QS UD 0w20
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551705
10/23/17 07:44 AM
10/23/17 07:44 AM
Joined: Sep 2004
Posts: 21,626
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,626
Orlando, FL
My wife and I each make 6 figures..... but our education and training provided us that earning potential.
Why do people live in very expensive areas then complain about unaffordable housing ?

Yes, middle class America today is $100,000 +

And yes, the American Dream is still alive in 2017

Re: Is middle class really at least 6 figures? [Re: xshoex] #4551707
10/23/17 07:45 AM
10/23/17 07:45 AM
Joined: Apr 2017
Posts: 1,480
Ontario, Canada
mightymousetech Offline
mightymousetech  Offline
Joined: Apr 2017
Posts: 1,480
Ontario, Canada
Originally Posted By: xshoex
In my town I dont know what the average income in but if you bring home 35ish you'll live pretty good


Would be hard to live comfortably here on $35k. Really depends on where you live.

Last edited by mightymousetech; 10/23/17 07:47 AM.

Mighty Mouse Tech
BMW Tech, Former Acura Tech
2010 Civic Si Castrol 0W40, Redline MTL
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Re: Is middle class really at least 6 figures? [Re: ZZman] #4551714
10/23/17 07:51 AM
10/23/17 07:51 AM
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
CincyDavid Offline
CincyDavid  Offline
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
Every year when I do our taxes I marvel at our gross income. I also marvel at how much we pay in taxes. I was thinking the other day that we've been paying into 401(k)s and 403(b)s and an IRA and we have finally hit the tipping point where it's starting to look like real money. I keep trying to impress on the kids that it took us 30 years to get to the point where we're getting comfortable, and we still don't buy luxury cars or vacation properties, and likely never will.


06 Kia Sportage EX greenish gold(ugliest color ever)
11 Jeep Grand Cherokee Limited HEMI Mineral Gray
14 Honda Accord LX metallic black
17 VW Jetta SE black
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551715
10/23/17 07:52 AM
10/23/17 07:52 AM
Joined: Sep 2016
Posts: 513
Vienna, VA
TinyVoices Offline
TinyVoices  Offline
Joined: Sep 2016
Posts: 513
Vienna, VA
My fiancee (24) and myself (25) being in a combined 170k. With heavy savings this provides us a decent life around average or slightly above for the area we live in in Denver and once we move to NoVA for even better jobs, we will be about strictly average or slightly below.


1993 Toyota MR2 Hardtop N/A - 160k miles - Valvoline Max Life 5w30
2006 Toyota Matrix XR AWD (Fiancee) - 130k miles - Valvoline Max Life 5w30
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551717
10/23/17 07:53 AM
10/23/17 07:53 AM
Joined: Mar 2015
Posts: 1,191
New York City
SeaJay Offline
SeaJay  Offline
Joined: Mar 2015
Posts: 1,191
New York City
Some middle class homes not too far from mine have annual property taxes of $15K, and some higher!

A family of 4 would likely be struggling a bit (but doable) at under $100K. $35K will just not cut it.

Re: Is middle class really at least 6 figures? [Re: Mr Nice] #4551720
10/23/17 07:56 AM
10/23/17 07:56 AM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 5,943
Michigan
Originally Posted By: Mr Nice
My wife and I each make 6 figures..... but our education and training provided us that earning potential.
Why do people live in very expensive areas then complain about unaffordable housing ?

Yes, middle class America today is $100,000 +

And yes, the American Dream is still alive in 2017


I would say because most jobs don't pay anywhere near 6 figures but still need to be done.


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551722
10/23/17 07:57 AM
10/23/17 07:57 AM
Joined: Feb 2003
Posts: 7,420
Jupiter, Florida
Cujet Online content
Cujet  Online Content
Joined: Feb 2003
Posts: 7,420
Jupiter, Florida
In 2002, I applied for a mortgage in Palm Beach county, FL. I asked the banker what the typical income was for mortgage applicants. He replied with something like "oh, that's easy, $172,400". My income was half that, and I was shocked at his typical figures.

However, when I fly over Palm Beach county, it's clearly chock-a-block full of wealth, very large and impressive homes stretch as far as the eye can see. Over 100 miles of coastline, completely full of significant wealth, from Miami to Stuart.

I'm middle class, yet I live at the outskirts of town, the very West end, backing right up to the everglades, where the cheapest homes are. I'm proud of my lifestyle and my home. However, I'm a stone's throw from poverty.


Last edited by Cujet; 10/23/17 07:59 AM.

People who count on their fingers should maintain a discreet silence.
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551723
10/23/17 08:01 AM
10/23/17 08:01 AM
Joined: Mar 2008
Posts: 5,943
Michigan
ZZman Offline OP
ZZman  Offline OP
Joined: Mar 2008
Posts: 5,943
Michigan
My wife and I broke 6 figures once in my 56 years of living. I retired from law enforcement and she from being a part time bus driver. I also worked 2 jobs for most of my career to make some extra money. Just never seemed to ever get ahead or have enough.
Oh well, we could have been worse off. Luckily I get a pension and still work part time to make extra money as Healthcare premiums are hitting us hard now.


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Is middle class really at least 6 figures? [Re: ZZman] #4551724
10/23/17 08:02 AM
10/23/17 08:02 AM
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
CincyDavid Offline
CincyDavid  Offline
Joined: Mar 2016
Posts: 774
Cincinnati, OH USA
Coastal areas are prone to attracting wealthy residents. We vacation in Siesta Key and when we drive up to Sarasota for dinner I am amazed at the highrise condos and HIGH end automobiles. Clearly a bunch of transplants from NYC, but wealthy nonetheless.


06 Kia Sportage EX greenish gold(ugliest color ever)
11 Jeep Grand Cherokee Limited HEMI Mineral Gray
14 Honda Accord LX metallic black
17 VW Jetta SE black
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