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]Don't have time to wade through 30+ pages...   In your opinion, what would constitute a true middle class?  And what are the other classes out there?[/quote]

I would broadly consider families where the higher income earner works in a professional job to be middle-class. I go by the old definitions of class though. In the majority of cases, upper class = inherited wealth. Some exceptions can be made for very high individual income earners like plastic surgeons, big time attorneys, CEO's, etc. But those of us who are of working age and who work for a wage, and if we stopped working we wouldn't be able to maintain our standard of living forever, are some type of "middle class," whether it's lower middle, middle, or upper middle. [/quote]

And there are some people on this thread who disagree, and who maintain that it is a strict income definition (where income is either within a specific dollar amount or a certain percentage relative to the median). Some people also insist that it should be the national median, not local median, which would account somewhat for wage and cost-of-living differences.

People who think that "middle class" refers to working professionals with reasonably comfortable lives but who can't live off their wealth, and those who think it refers to people making between $50K and $125K a year, are never going to see eye-to-eye. Thus the 33 pages. 
[/quote]

Right, but ... Do people really consider a working family making a HHI of $250k a year (especially if that amount is split between two adults vs just one) to be "upper class?" That's puzzling. [/quote]

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