Reply to Where do working class families live?

Forum Index » Real Estate

Reply to "Where do working class families live? "

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous]working class is anyone who must work for a living, regardless of salary.  yes, this includes people with 500K+ a year jobs too.   Basically, if you must spend most hours of your day working to make a living, if you must go to work and cannot just decide not to without eventually going broke, you are working class.  If you are a business owner, who has other workers running day-to-day things and managing business, or someone with really high networth who can live off of interest/investments returns, you are not working class, even if you do spend x hours a day to manage things and are aware of what is going on.  If you own your time and get to decide when to wake up and when to do what, you are not working class.  The rest, who don't own their time and must spend x number of hours just to make a living (regardless even if luxurious living) are working class.  Ask yourself a question, can you just take off tomorrow on a whim to go on a trip for 1 month somewhere or even go for a couple of weeks, or just simply show up to work after lunch for a few days without negative repercussions, and if your answer is "no", you are working class.

Blue color/white color is the type of job you do, education required or not.  This has nothing to do with wealth.  A blue collar business owner (general contractor, builder, restaurant owner, store owner, etc) can be way ahead of a white collar engineer, accountant, lawyer, etc living paycheck to paycheck.

There are tons of people with 6 figure salaries that live paycheck to paycheck, because their expenses and lifestyle expectations, consumption habits are very high.  Even ultra rich people with 100+mil networth go bankrupt. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics