Snake Posted September 17, 2019 Share Posted September 17, 2019 Since 2007, the year before the financial crisis, the middle class — defined as those earning $35,000 to $100,000 in inflation-adjusted dollars — has fallen from 43% of the population to 41.7% in 2018. Quote Link to comment Share on other sites More sharing options...
Anler Posted September 17, 2019 Share Posted September 17, 2019 Tax cuts Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 Obama, Russia, Climate Change and Antonio Brown. Or what Anler said and those people moved up in earnings rankings. Quote Link to comment Share on other sites More sharing options...
Snake Posted September 17, 2019 Author Share Posted September 17, 2019 Life sucks in America.... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 (edited) 23 minutes ago, Snake said: Since 2007, the year before the financial crisis, the middle class — defined as those earning $35,000 to $100,000 in inflation-adjusted dollars — has fallen from 43% of the population to 41.7% in 2018. Because people have moved up to upper middle class or whatever the next designation is. http://www.aei.org/publication/yes-the-us-middle-class-is-shrinking-but-its-because-americans-are-moving-up-and-no-americans-are-not-struggling-to-afford-a-home/ Edited September 17, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Jimmy Snacks Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 Just now, Snake said: Life sucks in America.... Who said that? Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 17, 2019 Share Posted September 17, 2019 40 years of stagnant wages? Quote Link to comment Share on other sites More sharing options...
frenchy Posted September 17, 2019 Share Posted September 17, 2019 shocking they define $35k as the floor for 'middle class' 1 Quote Link to comment Share on other sites More sharing options...
Edmo Posted September 17, 2019 Share Posted September 17, 2019 5 minutes ago, frenchy said: shocking they define $35k as the floor for 'middle class' Maybe in Boise, Idaho. You’re struggling around here with that salary. 1 Quote Link to comment Share on other sites More sharing options...
washedupmxer Posted September 17, 2019 Share Posted September 17, 2019 5 hours ago, Edmo said: Maybe in Boise, Idaho. You’re struggling around here with that salary. Same here Quote Link to comment Share on other sites More sharing options...
AKIQPilot Posted September 17, 2019 Share Posted September 17, 2019 5 hours ago, Edmo said: Maybe in Boise, Idaho. You’re struggling around here with that salary. You're struggling everywhere with that salary. That's $17/hr. No way you're doing any more than subsist on a $17/hr job. Quote Link to comment Share on other sites More sharing options...
Anler Posted September 17, 2019 Share Posted September 17, 2019 3 minutes ago, AKIQPilot said: You're struggling everywhere with that salary. That's $17/hr. No way you're doing any more than subsist on a $17/hr job. Man I remember when I was 18 and got my first union job making $10/hr. Fuck man I thought I was rich! Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted September 17, 2019 Share Posted September 17, 2019 6 minutes ago, AKIQPilot said: You're struggling everywhere with that salary. That's $17/hr. No way you're doing any more than subsist on a $17/hr job. yup, even where you can get 60-75k houses thats still not middle class. TBH the 100k cutoff for the top is IMO very low. I'd put middle class as 50-150 maybe even 200k with a big spread needed to account for geographic location. Quote Link to comment Share on other sites More sharing options...
frenchy Posted September 17, 2019 Share Posted September 17, 2019 Just now, Angry ginger said: yup, even where you can get 60-75k houses thats still not middle class. TBH the 100k cutoff for the top is IMO very low. I'd put middle class as 50-150 maybe even 200k with a big spread needed to account for geographic location. yup. Where I live it's probably 60-180 Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted September 17, 2019 Share Posted September 17, 2019 4 minutes ago, Anler said: Man I remember when I was 18 and got my first union job making $10/hr. Fuck man I thought I was rich! when i graduated college a decent starting salary was low 20's. Even with that being enough to pay my mortgage and car payment I knew I needed to make more which is why i got into sales. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 17, 2019 Share Posted September 17, 2019 3 minutes ago, Angry ginger said: yup, even where you can get 60-75k houses thats still not middle class. TBH the 100k cutoff for the top is IMO very low. I'd put middle class as 50-150 maybe even 200k with a big spread needed to account for geographic location. You just seriously lowered Barb's status. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted September 17, 2019 Share Posted September 17, 2019 14 minutes ago, Anler said: Man I remember when I was 18 and got my first union job making $10/hr. Fuck man I thought I was rich! Remember getting a part-time summer job making around that working at a meat processor. 1986. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 (edited) 17 minutes ago, Angry ginger said: yup, even where you can get 60-75k houses thats still not middle class. TBH the 100k cutoff for the top is IMO very low. I'd put middle class as 50-150 maybe even 200k with a big spread needed to account for geographic location. $200K means your ATI is probably around $140-150K. That's pretty damn good. $12,000 take home each month. You can live extraordinarily well in my area on that. Not sure where in the US you couldn't. Sorry but $96.00 hr is far above middle class. https://www.forbes.com/sites/jrose/2019/04/01/heres-how-much-you-make-on-200000-income-after-taxes-in-all-50-states/#140bbcb958dd Edited September 17, 2019 by Highmark Quote Link to comment Share on other sites More sharing options...
Anler Posted September 17, 2019 Share Posted September 17, 2019 Just now, ArcticCrusher said: Remember getting a part-time summer job making around that working at a meat processor. 1986. I went from my other job making about $4.50 and hour to making $10/ hour with benefits. It was a big difference. Plus all of the overtime fuck man I had more money than anyone else I knew my age. Of course I blew most of it on booze and drugs... Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 3 hours ago, frenchy said: yup. Where I live it's probably 60-180 I would go even higher then that. Someone making $200,00 with a mortgage and a kid or 2 in college dosnt have a whole lot left after bills. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 1 minute ago, steve from amherst said: I would go even higher then that. Someone making $200,00 with a mortgage and a kid or 2 in college dosnt have a whole lot left after bills. Huh? A $500K mortgage is about $2400 a month. That leaves $9600 a month left over? This is after taxes. Hopefully they did a bit of saving for kids college prior to them entering it. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 7 minutes ago, Highmark said: Huh? A $500K mortgage is about $2400 a month. That leaves $9600 a month left over? This is after taxes. Hopefully they did a bit of saving for kids college prior to them entering it. $500k is either a starter home or a fixer upper in the towns I work in. Average new construction in westford or Acton Mass is $900k+ . add in another 18k a yr for prop taxes . That's after ya figure the dude is only coming thru the door with 155 -160 after income taxes. Yes $200 k Quote Link to comment Share on other sites More sharing options...
Snake Posted September 17, 2019 Author Share Posted September 17, 2019 4 minutes ago, steve from amherst said: $500k is either a starter home or a fixer upper in the towns I work in. Average new construction in westford or Acton Mass is $900k+ . add in another 18k a yr for prop taxes . That's after ya figure the dude is only coming thru the door with 155 -160 after income taxes. Yes $200 k Fuck 100% of that noise. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 4 minutes ago, steve from amherst said: $500k is either a starter home or a fixer upper in the towns I work in. Average new construction in westford or Acton Mass is $900k+ . add in another 18k a yr for prop taxes . That's after ya figure the dude is only coming thru the door with 155 -160 after income taxes. Yes $200 k And I hardly call that a middle class neighborhood. 1 Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member steve from amherst Posted September 17, 2019 Platinum Contributing Member Share Posted September 17, 2019 1 minute ago, Snake said: Fuck 100% of that noise. Take a peak just outside of boston. a 1300 sq ft cape built in 1962 that needs damn near everything is $685k Quote Link to comment Share on other sites More sharing options...
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