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Money and Finances
Reply to "If you make <36,000 or >81,000, You Aren't Middle Class. Or "Upper" Middle Class. "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Cost of living plays a huge role in this. For the same consumer basket (your weekly grocery cart, for example, plus utilities, housing etc.) you pay a lot less in some parts of the country and a lot more in others. [/quote] There are COL adjusters for every part of the country. I live in Illinois. We make 100k a year and live like kings here. In DC, that's equivalent to 168k. It's not middle class in Illinois and it's not middle class in DC either. http://money.cnn.com/calculator/pf/cost-of-living/index.html[/quote] Are we talking about a single person or a family? Well, you can speak for Illinois, but nobody with a family of 4 is living like a king in DC on $168K. Between housing, groceries and daycare, you'd be lucky to be able to fund your 401K.[/quote]
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