P.S this is my dads salary, I know my parents are very humble people I was just wondering what class that would put us in, I dont want to sound selfish or anything PLEASE DONT TAKE MY QUIESTION THE WRONG WAY I"m WORKING FOR MY COLLEGDE MONEY B/C I CHOSE TO SO IT"S NOT LIKE I'm spoiled or anything.
2007-06-22 09:38:04 · 26 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
I know for sure were not in any type of debt
2007-06-22 09:45:05 · update #1
All depends where you live and what circles you travel in.
2007-06-22 09:41:18 · answer #1 · answered by HouAnswerGuy 6 · 1⤊ 2⤋
That qualifies as upper middle class, but your family may have liabilities that you aren't aware of, like a mortgage on your home, a lease on a car or time-share, etc.
Having money doesn't make you spoiled - not appreciating your good fortune would.
2007-06-22 10:42:28 · answer #2 · answered by teresathegreat 7 · 0⤊ 0⤋
In the US, "average" is right around $45-46,000 a year. That should help put Dad's salary in perspective.
There is nothing wrong with being "spoiled", so long as you realize it!
2007-06-22 09:55:42 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That would be high / upper class. Salary doesn't determine if you are rich. Your debt-to-income ratio determines that. I know a doctor that makes 1 million a year and he lives paycheck to paycheck.
2007-06-22 09:42:38 · answer #4 · answered by Anonymous · 1⤊ 0⤋
I live in the adirondacks in upstate ny. My mother makes around 45k a year. We live in a beautiful 5BR house with 2 bathrooms and a very nice large yard. The house goes for around 120 thousand. Combined with my father thats just under 100k a year. If thats just what your dad is making, I suggest he put you through college and you save up the money for your future.
2007-06-22 09:45:22 · answer #5 · answered by James K 2 · 0⤊ 1⤋
Well, I think you should be in the upper class category...but if you aren't comfortable up there...you can send me some of your family's money and move down to the average/middle class group!!
:)
2007-06-23 09:27:27 · answer #6 · answered by xylina_69 4 · 0⤊ 0⤋
That depends on how your parents manage and invest their money. That salary could put them in anything from dead broke to wealthy regardless if they're "humble".
2007-06-22 09:55:14 · answer #7 · answered by Anonymous · 1⤊ 0⤋
Guess that would depend on where you live and what the cost of living is there.
Where I am from, that is rich and I would give just about anything to make that kind of money!
2007-06-22 09:41:33 · answer #8 · answered by momsplinter 4 · 1⤊ 0⤋
for a single parent that is not middle class! That would be upper class
PS
***the median income of an american family of 3 is $48,500 according to the U.S. Bankruptcy court***
2007-06-22 09:43:26 · answer #9 · answered by Ellie 2 · 0⤊ 0⤋
That definitely is in the upper income bracket. They are fortunate. People make it on way less than that because they have to. Be thankful, which I KNOW you are by the way you worded your question...
2007-06-22 09:42:33 · answer #10 · answered by Sue C 7 · 0⤊ 0⤋
upper class. I think better get your parents pay for your college so that you can save money in the future.
2007-06-23 00:00:04 · answer #11 · answered by guapo888 2 · 0⤊ 0⤋