Low end of Middle class, 50%, is still making a good college degreed salary (masters equivalent) in Europe. Middle end is making as much as a PhD in a tech company equivalent here.
So 1 in 2 have 6 years of college equivalent income and are making more than most Europeans, and 1 in 10 are comparably rich.
Comparably a good PhD (I. E. Employable) in America can pull 120-150k relatively easily, and 200k after a few years. Making as much as 3 times the European with the same education and experience.
E: European college costs are much lower though so it somewhat depends on how much debt you have to take too.
You’re reading that article completely wrong…the numbers you posted are medians for upper income earners. The median US worker does not have 6 years of higher ed. I think only 20-30% even have a bachelor’s.
The median income in the US is 50k as of 2022. The 90th percentile is 120k-130k.
Those are disgustingly low for not having universal health or any social safety net like the rest of the industrialized world.
50k is more than most Europeans make with 3-6 years of education… That’s my point.
It is low, but the take home in Europe is even lower like 25-30k, 60k before taxes with years of education, and you’re still paying €300 each month for public health insurance which takes up 5-10% of your income.
Some of my coworkers with PHDs and post docs and 5-10 years are only pulling 90k before taxes. An electric bike for example still costs €3-4k, and they have to pay for registration and insurance on it.
Upper middle class is the top 10%…So yea, 9 out of 10 people aren’t doing so great.
Low end of Middle class, 50%, is still making a good college degreed salary (masters equivalent) in Europe. Middle end is making as much as a PhD in a tech company equivalent here.
https://www.pewresearch.org/short-reads/2022/04/20/how-the-american-middle-class-has-changed-in-the-past-five-decades/
So 1 in 2 have 6 years of college equivalent income and are making more than most Europeans, and 1 in 10 are comparably rich.
Comparably a good PhD (I. E. Employable) in America can pull 120-150k relatively easily, and 200k after a few years. Making as much as 3 times the European with the same education and experience.
E: European college costs are much lower though so it somewhat depends on how much debt you have to take too.
You’re reading that article completely wrong…the numbers you posted are medians for upper income earners. The median US worker does not have 6 years of higher ed. I think only 20-30% even have a bachelor’s.
The median income in the US is 50k as of 2022. The 90th percentile is 120k-130k.
Those are disgustingly low for not having universal health or any social safety net like the rest of the industrialized world.
50k is more than most Europeans make with 3-6 years of education… That’s my point.
It is low, but the take home in Europe is even lower like 25-30k, 60k before taxes with years of education, and you’re still paying €300 each month for public health insurance which takes up 5-10% of your income.
Some of my coworkers with PHDs and post docs and 5-10 years are only pulling 90k before taxes. An electric bike for example still costs €3-4k, and they have to pay for registration and insurance on it.