What's the best definition of "middle-class"? Six figure income?
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Date: August 12th, 2012 2:35 PM Author: Comical ape shrine
"Fact is, a person making 100k in MFH has a lower standard of living that people making much less in other cities."
Sure, if you don't count the location you live in as a having any bearing on your "standard of living."
Obviously Harlem is a unique case, but poor blacks living in Harlem are not making $100k - they're probably making actual low/middle class salaries.
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21320750) |
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Date: August 12th, 2012 2:33 PM Author: stirring infuriating skinny woman
Not true.
MFH is cheap if you know how to do it.
For example: No point in owning a car. That alone saves you on car payments, gas, insurance and makes up for higher rents.
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21320734) |
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Date: August 12th, 2012 2:41 PM Author: Apoplectic private investor nursing home
it's really more like $500 per month and you are assuming one car per household which is probably unlikely.
so for a young couple, it's $1000 in car costs and $1000 mortgage payment on 3500 sq foot home or $3000 apartment plus subway/taxis in NYC.
it no way makes up for it but a car isn't free of course.
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21320807)
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Date: August 12th, 2012 2:33 PM Author: Obsidian crusty parlour patrolman
Middle class is 20-80th percentile.
20,000-90,000
Keep in mind that is household income and it is probably accurate for households having around 2 people...
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21320741) |
Date: August 12th, 2012 5:08 PM Author: Cracking digit ratio
$0-$24,999 Working Class
$25,000-$49,999 Lower Middle Class
$50,000-$99,999 Middle Class
$100,000-$350,000 Upper Middle Class
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21321906) |
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Date: August 12th, 2012 5:19 PM Author: Cracking digit ratio
Eh. Don't care to define a statistically negligible subset of the sample.
$100,000-$349,000 Upper Middle Class
$350,000-$999,999 Utmost Middle Class
$1,000,000-$9,499,999 Rich
$9,500,000-$LOL Super-rich
http://en.wikipedia.org/wiki/American_upper_class#Millionaires
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21321968) |
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Date: August 13th, 2012 10:53 AM Author: lascivious dog poop temple
TITCR. Add in family/kids too.
160k salary with 0 debt as a SINGLE MALE = upper middle class, even in NYC where u can comfortably save thousands with 0 debt and 0 interests.
having even 250k salary with debt and mortgage and car payments in Ohio with 2 kids and a wife will still be considered middle class.
(http://www.autoadmit.com/thread.php?thread_id=2021756&forum_id=2\u0026mark_id=5310751#21327155) |
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