Recent Topics
Milesyn 5w30 5 gal pails $50.94 w/prime
by Samrsnow
06/24/18 01:20 PM
Removing Broken Bathtub Drain
by Warstud
06/24/18 01:15 PM
Buffer Pads
by TheLawnRanger
06/24/18 01:10 PM
Recommend an oil to me... Pennz, M1, Castrol...?
by chinee
06/24/18 12:39 PM
Filter for Hydro Gear ZT2800 - Toyota???
by Lancruza
06/24/18 12:39 PM
Motul 5W30, 3000KM/12 mo, 06 Acura RSX-S 161K KM
by lemaitrix
06/24/18 12:38 PM
DeWalt dcf887b 3spd impact driver
by JC1
06/24/18 12:34 PM
Grit guard wash board
by JC1
06/24/18 12:22 PM
Truck Lug Nut Spikes
by ET16
06/24/18 12:12 PM
Tier III fuel is on the way
by ZZman
06/24/18 11:53 AM
ACDelco Dexos 0W20 UOA
by DanMiller
06/24/18 10:44 AM
Mopar window regulator (some assy. rqd.)
by dlundblad
06/24/18 10:27 AM
5.3L Silverado Water Pump Torque Specs
by Gito
06/24/18 10:25 AM
Rhino Ramps at Canadian Tire 50% off
by Snagglefoot
06/24/18 10:18 AM
What to do when your Glock jams
by bigj_16
06/24/18 10:13 AM
Pennzoil Platinum 5w30 vs 10w30
by Snagglefoot
06/24/18 09:09 AM
LM MoS2. Honest, if not appropriately tested?
by wemay
06/24/18 09:03 AM
Brisket flat on charcoal
by 04SE
06/24/18 08:45 AM
Weird Oil level question
by audia6
06/24/18 08:27 AM
DNA test and opening a can of worms
by WhyMe
06/24/18 08:11 AM
Newest Members
crrider, EdDmax, 2018matto, Lancruza, IanSampson
65312 Registered Users
Who's Online
98 registered (330indy, alphadog, andyd, aquariuscsm, Astro_Guy, 11 invisible), 1636 Guests and 32 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
65312 Members
67 Forums
285912 Topics
4771353 Posts

Max Online: 3590 @ 01/24/17 08:07 PM
Donate to BITOG
Page 1 of 8 1 2 3 4 5 6 7 8 >
Topic Options
#4551684 - 10/23/17 07:12 AM Is middle class really at least 6 figures?
ZZman Offline


Registered: 03/17/08
Posts: 5792
Loc: 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


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

Top
#4551686 - 10/23/17 07:14 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: 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)


Edited by StevieC (10/23/17 07:22 AM)
_________________________
'15 Dodge Journey - 90,000 KM's - SSO 5w20
'06 Hyundai Santa Fe - 535,000km - SSO 0w30 (R.I.P)

Top
#4551688 - 10/23/17 07:19 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
tom slick Offline


Registered: 05/26/03
Posts: 9301
Loc: 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.

Top
#4551691 - 10/23/17 07:29 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
xshoex Offline


Registered: 06/18/15
Posts: 459
Loc: Brunswick, GA
In my town I dont know what the average income in but if you bring home 35ish you'll live pretty good
_________________________
11 Sorento 3.5 87k Napa Syn 5w30 & Beck Arnley
00 BMW 323i e46 143k CarQuest Euro 5w40 & MANN

Top
#4551695 - 10/23/17 07:33 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
CincyDavid Offline


Registered: 03/03/16
Posts: 708
Loc: 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)
14 Honda Accord LX metallic black
16 Honda CR-V EX silver
17 VW Jetta SE black

Top
#4551703 - 10/23/17 07:39 AM Re: Is middle class really at least 6 figures? [Re: xshoex]
Dumc87 Offline


Registered: 06/05/10
Posts: 591
Loc: 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

Top
#4551705 - 10/23/17 07:44 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
Mr Nice Offline


Registered: 09/12/04
Posts: 21207
Loc: 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

Top
#4551707 - 10/23/17 07:45 AM Re: Is middle class really at least 6 figures? [Re: xshoex]
mightymousetech Offline


Registered: 04/03/17
Posts: 1444
Loc: 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.


Edited by mightymousetech (10/23/17 07:47 AM)
_________________________
Mighty Mouse Tech
Acura Tech
2010 Civic Si Castrol 0W40, Redline MTL
2013 BMW 135i M Sport Edition Castrol 0W40, Redline MTL

Top
#4551714 - 10/23/17 07:51 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
CincyDavid Offline


Registered: 03/03/16
Posts: 708
Loc: 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)
14 Honda Accord LX metallic black
16 Honda CR-V EX silver
17 VW Jetta SE black

Top
#4551715 - 10/23/17 07:52 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
TinyVoices Offline


Registered: 09/12/16
Posts: 486
Loc: 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 - 157k miles - Valvoline Max Life 5w30
2006 Toyota Matrix XR AWD (Fiancee) - 126k miles - Valvoline Max Life 5w30

Top
#4551717 - 10/23/17 07:53 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
SeaJay Offline


Registered: 03/05/15
Posts: 1095
Loc: 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.

Top
#4551720 - 10/23/17 07:56 AM Re: Is middle class really at least 6 figures? [Re: Mr Nice]
ZZman Offline


Registered: 03/17/08
Posts: 5792
Loc: 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

Top
#4551722 - 10/23/17 07:57 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
Cujet Offline


Registered: 02/15/03
Posts: 7164
Loc: 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.



Edited by Cujet (10/23/17 07:59 AM)
_________________________

Top
#4551723 - 10/23/17 08:01 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
ZZman Offline


Registered: 03/17/08
Posts: 5792
Loc: 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

Top
#4551724 - 10/23/17 08:02 AM Re: Is middle class really at least 6 figures? [Re: ZZman]
CincyDavid Offline


Registered: 03/03/16
Posts: 708
Loc: 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)
14 Honda Accord LX metallic black
16 Honda CR-V EX silver
17 VW Jetta SE black

Top
Page 1 of 8 1 2 3 4 5 6 7 8 >