Consider what that income will get you. Ignore the actual numbers. There’s also a very big variable on lifestyle- dual income no kids is very different from a single breadwinner with 8 kids.
I am in a fairly big city in the Midwest (you’ve heard of it, but you would never think of it unprompted). $150k/year (household) would buy a medium-large single family home (2000 square feet, 3 or 4 bedrooms) in a good (but not exclusive) area, a pair of decent cars (well equipped new Honda Accord or similar, trading in after 5 years), retirement around age 65. Any kids would attend a good public school, or possibly a very inexpensive religious school. You would have yearly vacations, but it would be mostly domestic. Road trips to the grand canyon, Disney world, etc.
I live in a capital of a southern state, no more than 30 minutes outside city limits $150000 a year will get you several acres, 2500+ square foot house, multiple cars, trucks, ATVs, boats and all the goodies to go with them. Three weeks of vacation a year, with a hunting cabin in the mountains.
Understood, my point being classes are created by the .01% and have no meaning, we are all “lower class” unless you can buy a government representative.
Consider what that income will get you. Ignore the actual numbers. There’s also a very big variable on lifestyle- dual income no kids is very different from a single breadwinner with 8 kids.
I am in a fairly big city in the Midwest (you’ve heard of it, but you would never think of it unprompted). $150k/year (household) would buy a medium-large single family home (2000 square feet, 3 or 4 bedrooms) in a good (but not exclusive) area, a pair of decent cars (well equipped new Honda Accord or similar, trading in after 5 years), retirement around age 65. Any kids would attend a good public school, or possibly a very inexpensive religious school. You would have yearly vacations, but it would be mostly domestic. Road trips to the grand canyon, Disney world, etc.
Does that describe upper class?
I live in a capital of a southern state, no more than 30 minutes outside city limits $150000 a year will get you several acres, 2500+ square foot house, multiple cars, trucks, ATVs, boats and all the goodies to go with them. Three weeks of vacation a year, with a hunting cabin in the mountains.
Does that describe middle class?
Location does matter. Both ways.
Oh absolutely. My point was that it being a middle class lifestyle is the norm, not the exception.
Understood, my point being classes are created by the .01% and have no meaning, we are all “lower class” unless you can buy a government representative.