Reply to Can we stop referring to households making $200 or 300K a year as "middle class"?

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Reply to "Can we stop referring to households making $200 or 300K a year as "middle class"?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I don't live in an 850K house, I live in a 600K 2 bedroom cape in south Arlington, on 1/6 of an acre, and commute 3 miles to the Metro because we live in an area that is as far as you can be in Arlington from either Orange or Blue. But our HHI is almost $300K, so apparently we are just one step away from Donald Trump.[/quote]

No, you are not one step away from Donald Trump.  But you are about as far from Donald Trump as you are from the true middle class.  You are affluent, but not rich or wealthy.  The affluent class is easily above the middle class and has choice of where to live, can fully fund retirement, saving for college, good schools for children (whether buying property in a good school district or private), savings and still have some disposable income (not necessarily a lot) leftover.  The middle class has to make compromises in a lot of areas to get those same benefits.  I'd say that the the middle class makes about $75-150K, which is about the 25th to 75th percentile of HHI, essentially the middle of the earning curve.  The affluent is probably about the 76th percentile to the 99th percentile or about $150-400K.  The rich are the 1% which in this area is roughly over 400K.  [/quote]

Well, of course this works if you add another category ("affluent"). But usually people say the categories are poor, working class, middle class, and rich, and pretty much anyone who supports their family with a job is going to put themselves in the "middle class" category. [/quote]

Uh, upper-middle? Isn't that what half this argument was about- $300k folks preferring to be called middle rather than upper-middle?[/quote]

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