When are you called rich - over $1 million income. I know in NYC $100,000 seems like not a lot but here in Montana - Wow.
2007-01-31 09:24:17 · 9 answers · asked by Anonymous in Politics & Government ➔ Politics
To most of us here in SC, $100,000 is almost more than I know how to type. I was going to say something else but when I got to that figure I spent so much time on it, I forgot what I was going to say.
2007-01-31 09:32:08 · answer #1 · answered by Anonymous · 3⤊ 0⤋
good question- basically the idea of shrinking middle class is you see homes that poor people put on 40 yr mortgage or an ARM and the homes that they cant get into because the affluent own and afford them and even with maximum credit and likelihood of forclosure they cant get into the house. From that the notion of a group of individuals between these two classes is the middle class thats the shrinking middle class. For example a nurse makes around 47k or so with two married would you say they are an affluent couple.
2007-01-31 09:31:57 · answer #2 · answered by Anonymous · 0⤊ 0⤋
I would love to know what people think is upper income or affluent. I know what the census says but I believe those in upper income brackets still call themselves "upper middle class".
The US Census Bureau offers income data by household and individual. It is to be noted that 42% of households have two incomes earners; thus making households' income levels higher than personal income levels.[6] The 2005 economic survey revealed the income distribution for households and individuals whereby the top 5% of individuals had six figure incomes and the top 10% of individuals had incomes exceeding $75,000.[2] The top 5% of households, three quarters of whom had two income earners, had incomes of $166,200 or more,[6] with the top 10% having incomes well in excess of $100,000.[7] The top 1.5% of households had incomes exceeding $250,000 with 146,000 households,
2007-01-31 09:35:18 · answer #3 · answered by Middleclassandnotquiet 6 · 1⤊ 0⤋
The national average income is around $45,000. Since that is the average nationwide I guess you could call that middle class. You have a valid point though. $45,000 a year in Montana will take you much further than $45,000 in New York or LA.
2007-01-31 09:36:50 · answer #4 · answered by ndmagicman 7 · 0⤊ 0⤋
The middle class are the ones who take a pounding from both sides.
2007-01-31 09:31:10 · answer #5 · answered by Overt Operative 6 · 0⤊ 1⤋
it depends on where you live. In S. Cal, $100k is called middle class survival level, especially if you have a mortgage!
2007-01-31 09:33:41 · answer #6 · answered by MoltarRocks 7 · 2⤊ 0⤋
Middle Class is around $30,000-150,000 per year as a family. It goes up every year with inflation.
2007-01-31 09:30:02 · answer #7 · answered by SHOOTER586 3 · 2⤊ 2⤋
The Middle Class is the class the Dems have declared war on.
2007-01-31 09:34:45 · answer #8 · answered by Anonymous · 0⤊ 4⤋
No, not any more. I would say affluant carries some power along with the money. That is at least 5000,000 a year maybe more.
2007-01-31 09:32:45 · answer #9 · answered by Lou 6 · 0⤊ 2⤋