Reply to Social Class: How do you know what social class do you belong to?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Here's how I think of it:

If you don't have access to sufficient funds to provide for basic needs, you're poor.

If you earn money but live paycheck to paycheck, you're working class.

If you are primarily a wage earner but own a home and are able to financially prioritize things like health and your kids' education, you're middle class.

If your money makes money for you, i.e. you live off capital instead of wage earnings, you're rich.

There are a million different varieties here that Americans spend a lot of time bickering over, because we don't have the kind of social consistency of class that exists in other countries. That's mostly a good thing, but it also means that a wealthy person can put on a cowboy hat, call himself working class, and claim that a single mother working paycheck to paycheck as a nurse is not because she makes a low six figure salary. [/quote]

Ok so let’s say we have couple number one: obese Walmart shoppers who never go anywhere or do anything with tens of millions in the bank
Couple number two has an elegant appearance, expensive possessions, flies first class to their home country all the time but they are actually in a huge amount of debt and have nothing in the bank
Who’s higher class?[/quote]

The first couple. The richest people are the ones who shop bargains and drive old cars and live frugally. The dumbest ones are the ones who pretend like they’re wealthy when they’re not. Can’t believe how many people I know in group 2, who I always assume are way richer than me but then set up GoFundMes because one spouse gets a thankfully treatable cancer and they can’t afford private school tuition anymore for their one child while that spouse is out of work for 6 -12 months. It’s fascinating that you’d send your kid to private school, fly first class, drive 150k cars, wear designer everything, and not have 50k spare cash lying around to cover one year of private school if your HHI takes a temporary hit. [/quote]

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