If you consider yourself Upper Middle Class (and you live in the DMV)...

[Anonymous]

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

Income of $106k per year, with a child, will make you a working poor.
You can afford a small home with a long commute in an iffy school district and day care. No money for luxuries, Starbucks or the occasional take out

But you are not homeless or on welfare

[Anonymous]

I don't entirely get what you are trying to say. In DC, an income at the low range of the UMC scale will not make you working poor. At worst, middle class. That is why there is a scale-to account for cost of living.

[Anonymous]

Anonymous wrote:I don't entirely get what you are trying to say. In DC, an income at the low range of the UMC scale will not make you working poor. At worst, middle class. That is why there is a scale-to account for cost of living.

That is simply ridiculous ... a d shows how out of touch with realty for the vast majority - we are in that range in this area and have a wonderful quality of life.

Even if you adjust the numbers for DC cost of living, the numbers cited by PP were silly - I million a year and not UMC. Smacks of social climbing: status symbol chasing while all important needs in life - shelter in safe area, food, and access to quality healthcare and education can easily.
No way does earning national average for UMC in DC area make you working poor / even if you triple the figures you are below threshold for IMC cited by PP.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I don't entirely get what you are trying to say. In DC, an income at the low range of the UMC scale will not make you working poor. At worst, middle class. That is why there is a scale-to account for cost of living.

That is simply ridiculous ... a d shows how out of touch with realty for the vast majority - we are in that range in this area and have a wonderful quality of life.

Even if you adjust the numbers for DC cost of living, the numbers cited by PP were silly - I million a year and not UMC. Smacks of social climbing: status symbol chasing while all important needs in life - shelter in safe area, food, and access to quality healthcare and education can easily.
No way does earning national average for UMC in DC area make you working poor / even if you triple the figures you are below threshold for IMC cited by PP.

How much do you think it costs for a family to live on?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

Income of $106k per year, with a child, will make you a working poor.
You can afford a small home with a long commute in an iffy school district and day care. No money for luxuries, Starbucks or the occasional take out

But you are not homeless or on welfare

106 k is working poor? How much do you think people in the service industry make? Are those people not working poor?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I don't entirely get what you are trying to say. In DC, an income at the low range of the UMC scale will not make you working poor. At worst, middle class. That is why there is a scale-to account for cost of living.

That is simply ridiculous ... a d shows how out of touch with realty for the vast majority - we are in that range in this area and have a wonderful quality of life.

Even if you adjust the numbers for DC cost of living, the numbers cited by PP were silly - I million a year and not UMC. Smacks of social climbing: status symbol chasing while all important needs in life - shelter in safe area, food, and access to quality healthcare and education can easily.
No way does earning national average for UMC in DC area make you working poor / even if you triple the figures you are below threshold for IMC cited by PP.

How much do you think it costs for a family to live on?

I would say the Upper-middle class $106,827 - $373,894 is about right depending on individual family spending patterns. I know many people in that bracket in this area who have done really well in all the important areas - noce but modest homes in areas with good schools, medical insurance, sometimes private schools, lots of sports, tutors and music lessons for their kids. Obviously
Not enough for the local country clubs but enough for the many local
Swim and tennis summer clubs/ YMCA/ JCCC fitness centers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

Yes totally agree - sorry misunderstood as other PPs referring to great wealth needed to be considered UMC. Really out of touch with how most people live. It is harder and harder to get by in USA - exhibit A (Nomadland movie/ doc)
B (Hillbilly Elegy type memoirs) and C (record mortgage defaults and evictions) ...

[Anonymous]

We feel solid middle class here
age 43 / 41 years old.
We make about 1.1 mil this year. ( DH 850k Dw 300k) The last 5 years income slowly grow from 150k to 800k . Not making any money before due to very long education path.

Net worth 2.2 mil
We do our own yard, clean our pool and house. No fancy toys.
One kid in public school. 170k in our 8- year-old ‘s529.

[Anonymous]

So are people saying that somebody who makes 400K a year is automatically upper class? So we are in the same category as, like, Warren buffet or the rich kids of Instagram?

Guys, no. We are UMC, working rich. Nothing about me is upper class at all.

Yes I have tons of privilege, and I enjoy things I don’t really deserve, but that doesn’t make me upper class.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

Income of $106k per year, with a child, will make you a working poor.
You can afford a small home with a long commute in an iffy school district and day care. No money for luxuries, Starbucks or the occasional take out

But you are not homeless or on welfare

106 k is working poor? How much do you think people in the service industry make? Are those people not working poor?

Service industry workers are all just about receiving some kind of assistance.
A salary of $106k will net you about $6k per month after taxes. Leaving housing at $2k and day care at about $2k. Family food would be about $800, cars, utilities, transportation, occasional medical expenses, some family vacation, clothing and such will have to be made up with the rest.
It doesn't give you much room to save for college or other unforseen expenses

[Anonymous]

Anonymous wrote:We feel solid middle class here
age 43 / 41 years old.
We make about 1.1 mil this year. ( DH 850k Dw 300k) The last 5 years income slowly grow from 150k to 800k . Not making any money before due to very long education path.

Net worth 2.2 mil
We do our own yard, clean our pool and house. No fancy toys.
One kid in public school. 170k in our 8- year-old ‘s529.

It's not about how you "feel." You really think you are solid MC making 1.1 mil/year? GTFO

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:Love these people making 500k+ a year and thinking they are anywhere in UMC salary ranges.

Delusional. We made 990K this year. We started making 500k per year about 7 years ago. At 600K, we owned a boat, built a custom home, and were able to save for college and our retirement.

At 800K, we bought a bigger boat (a 500K yacht) an old sports car, remodeled, and traveled several times a year.

And now at 990K, we have saved 175K for our child's college, invested a lot, and have huge emergency savings and retirement.

I have not been UMC in a long time and just because you people making this kind of money may not spend it like we do, doesn't change the fact that you are no more UMC than I am or was.

Cannot find one single expert who agrees with your absurd claims for umc status. Way too high. Despite your dubious powers of logic, you are definitely umc in terms of income anyway. Pew has a calcultor that includes social aspects of class as well.



Here's a breakdown on income class for 2019 incomes for a family a three, according to Rose's analysis:

INCOME GROUP INCOME
Poor or near-poor $32,048 or less
Lower-middle class $32,048 - $53,413
Middle class $53,413 - $106,827
Upper-middle class $106,827 - $373,894
Rich $373,894 and up
[ READ: Fight Back: How to Combat Racial Wealth Inequality. ]



https://money.usnews.com/money/personal-finance/family-finance/articles/where-do-i-fall-in-the-american-economic-class-system


https://www.pewresearch.org/fact-tank/2020/07/23/are-you-in-the-american-middle-class/

https://www.cnbc.com/2019/09/14/how-many-americans-are-considered-upper-class.html

Middle class can mean different things to different people. You can think of middle class as a certain lifestyle, a state of mind, or a strict measurement of wealth. And how you define middle class determines who falls into it.

Using annual incomes and the cost of living around the country as barometers, the experts at the Pew Research Center have concluded that 52% of Americans qualify as middle class—but that portion can vary widely depending where you live.

According to a Pew study released last fall, the median income of middle-class American households is $74,015, based on Census data from 2016, the latest available. (Pew defines middle class as two-thirds to twice the U.S. median household income, adjusted for household size.)

As you can see in the map below, that benchmark income tops $84,000 in Rhode Island and Maryland and approaches $75,000 in Florida.

That roughly half of American households fall into the middle class is similar to what Pew found in 2011, the last time they did this analysis. But over time the middle class has been shrinking: In 1971, 61% of adults lived in middle-class households.

And during that time both upper and lower-income segments of the population have been growing at the expense of the middle class. Plus, the top group has seen bigger income gains, widening the income gap.

I don't see that we are disagreeing, unless you are seeing numbers differently than I am. If $106,827 - $373,894 is UMC then people making 500K a year as I said, and even less, are not UMC.They are rich. My point still stands: having an income in which you can buy large luxury items like boats and cars and fully save for college and retirement is NOT middle class of any range.

Are we so delusional comparing ourselves to the Joneses here in DC that if we don't have gold toilets, jets, and a private island we think we are not rich?

Income of $106k per year, with a child, will make you a working poor.
You can afford a small home with a long commute in an iffy school district and day care. No money for luxuries, Starbucks or the occasional take out

But you are not homeless or on welfare

106 k is working poor? How much do you think people in the service industry make? Are those people not working poor?

Service industry workers are all just about receiving some kind of assistance.
A salary of $106k will net you about $6k per month after taxes. Leaving housing at $2k and day care at about $2k. Family food would be about $800, cars, utilities, transportation, occasional medical expenses, some family vacation, clothing and such will have to be made up with the rest.
It doesn't give you much room to save for college or other unforseen expenses

Yes and that describes MC not working poor. Working poor is deciding between paying for electricity or a car repair. DCUM is so completely out of touch with reality.

[Anonymous]

Anonymous wrote:So are people saying that somebody who makes 400K a year is automatically upper class? So we are in the same category as, like, Warren buffet or the rich kids of Instagram?

Guys, no. We are UMC, working rich. Nothing about me is upper class at all.

Yes I have tons of privilege, and I enjoy things I don’t really deserve, but that doesn’t make me upper class.

You are UMC - no one is saying UMC is upper class (trust funds, never needing to work another day, guilded bathrooms etc.). Compared to those in the ever shrinking MC bracket, your family is extremely comfortable and can plan for the future. Those on minimum wage/ MC salaries often have to choose between utilities, rent, medicine and food.