no debts except utilities & living expenses, live in usa, $5100 monthly with 3% yrly increase.Got $insurance, savings, mtg paid, 2 cars.
2006-09-26 14:17:14 · 7 answers · asked by Gringa 1 in Business & Finance ➔ Credit
you certainly wouldn't be poor, unless you lived in Beverly Hills or someplace where $5100 won't cover expenses so easily. The assest alone would enable you to go and leverage them for more cash to do something with. at the very least, b.
Wealthy? You're essentially say net $60k after expenses a year. This is probably better than most people making $150k/yr, because their lifestyle exceeds that. It's all relative...
2006-09-26 14:21:17 · answer #1 · answered by John H 3 · 0⤊ 0⤋
Class pervades wealth alone. If you make a million dollars a year, but you choose to live in a trailer, you're still considered lower class. It's never income alone. Is Kevin Federline upper class? He benefits from combined assets with Britney Spears and he's still considered lower class.
You'd be middle class if you act according to societally-set parameters. But if you haven't been immersed in the customs and attitudes of that social class, you're not considered accordingly.
2006-09-26 14:34:10 · answer #2 · answered by Pippin 3 · 0⤊ 0⤋
You are at the higher end of middle class for most middle class have a mortgage and NUMEROUS car loans for they have no clue how save up and pay cash for them !
You are sitting pretty good... Live happily! : )
2006-09-26 14:25:14 · answer #3 · answered by Kitty 6 · 0⤊ 0⤋
b. middle class..
Thought there's a increase in salary yearly, the monthly salary doesn't reached the quota of being wealthy..
2006-09-26 14:28:33 · answer #4 · answered by hotlipz 2 · 0⤊ 0⤋
this relies upon on custom, and as people mentioned, quantity of time. in the US, one could be seen adverse if this became into their annual earnings, center-classification if it became into their month-to-month earnings. this is often the case in maximum totally industrialized worldwide places. besides the undeniable fact that, in third international worldwide places, somebody who had this as a month-to-month earnings could be just about a king, and each year, might nonetheless be nicely off.
2016-12-15 15:09:10 · answer #5 · answered by Anonymous · 0⤊ 0⤋
that's middle class... wealthy would technically be around 100,000 a year and up. but wealth is what you make of it-- if you're happy and healthy, then you're the wealthiest person in the world.
2006-09-26 14:20:36 · answer #6 · answered by Anonymous · 1⤊ 0⤋
How about upper middle class ?
2006-09-26 14:28:23 · answer #7 · answered by no nickname 6 · 0⤊ 0⤋