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WSJ: 29.4% of US households are upper middle class
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Date: June 22nd, 2016 12:03 AM Author: Glittery nursing home http://blogs.wsj.com/economics/2016/06/21/not-just-the-1-the-upper-middle-class-is-larger-and-richer-than-ever/ (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759928) |
Date: June 22nd, 2016 12:07 AM Author: spectacular chartreuse rehab feces Lol at 100k household income being UMC (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759939) |
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Date: June 22nd, 2016 12:26 AM Author: provocative peach partner pisswyrm Double median household income is UMC. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760070) |
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Date: June 22nd, 2016 12:31 AM Author: Very tactful location lol, so you consider a nurse and a truck driver with 3 kids UMC? (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760109) |
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Date: June 22nd, 2016 12:34 AM Author: provocative peach partner pisswyrm If they clear $100,000, yes, that's a great deal of money. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760125) |
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Date: June 22nd, 2016 12:37 AM Author: Very tactful location LOL (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760137) |
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Date: June 22nd, 2016 12:37 AM Author: Yapping adulterous library foreskin (xo 2016) (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760143) |
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Date: June 23rd, 2016 1:35 AM Author: mahogany site lol you stupid fucking poor
in a two-income household you'd have to be clearing $100,000 EACH (post-tax, rent, and loan payments) to be UMC. realistically you're looking at a $400k+ combined gross income to be considered upper-middle-class. |
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Date: June 23rd, 2016 10:18 AM Author: Cobalt aromatic striped hyena dood, the chart says $350k household is top 1% income threshold.
I don't think UMC and the top 1% are the same thing. |
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Date: June 23rd, 2016 10:22 AM Author: Appetizing bespoke theater stage A high level nurse and owner/operator truck driver can make well over 400k/yr gross combined (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770046) |
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Date: June 23rd, 2016 1:47 AM Author: deranged cruise ship "clear 100K".
LOL, no. |
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Date: June 23rd, 2016 1:49 AM Author: mahogany site ljl.
someone "clearing 100k" in are country is barely scraping by and living off of credit card debt |
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Date: June 23rd, 2016 1:50 AM Author: deranged cruise ship dumbass thinks this is an article about after tax income.
JFC. How far has this site fallen? |
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Date: June 23rd, 2016 1:52 AM Author: mahogany site either pre- or post-tax it's not enough for an individual to live off of, let alone consider it "upper middle class" (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768900) |
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Date: June 23rd, 2016 1:53 AM Author: deranged cruise ship There is a steep cliff of the haves and have nots in this article.
It sound like half this country is now living in abject poverty.
So, the middle class has been squeezed to the point that there is a steep divide between the 50K family and the 100K family.
We're just fucked. |
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Date: June 23rd, 2016 1:53 AM Author: Supple black cuckoldry hall You can't be UMC if you can't even afford to retire at a decent age. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768909) |
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Date: June 23rd, 2016 1:57 AM Author: mahogany site forget retirement. at $100k you're basically piling up thousands in credit card debt every month (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768927) |
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Date: June 23rd, 2016 1:58 AM Author: twisted messiness Huh? Only if you're a retard. Which no doubt a lot of people are, but still... (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768933) |
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Date: June 23rd, 2016 1:59 AM Author: mahogany site (faggot making "soup" out of chicken skins and taking it to work in a thermos for lunch)
sorry shithead, i want to live with a decent standard of living, that doesnt make me retarded |
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Date: June 23rd, 2016 2:00 AM Author: twisted messiness lol you seem really angry and in debt (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768943) |
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Date: June 23rd, 2016 2:00 AM Author: mahogany site lol you seem really poor (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768945) |
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Date: June 23rd, 2016 2:01 AM Author: twisted messiness Don't worry things will turn around for you :-) (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768948) |
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Date: June 23rd, 2016 2:00 AM Author: deranged cruise ship Are you kidding? That's like 6K a month cleared. Not everyone lives in NYC or CA.
You should be $1,400 all in on taxes, insurance, mortgage -- on a $300K house.
Public school is free.
WTF? You need a new Hermes scarf every day or what? |
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Date: June 23rd, 2016 9:02 AM Author: judgmental voyeur CR.
A six-figure salary isn't what it used to be. But you can live a very decent life on 100k, banking away cash, and not having to sweat life much.
This is assuming non-LA/NY/SF. |
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Date: June 23rd, 2016 10:34 AM Author: mahogany site sure, maybe you won't be starving, but $100k would barely be lower middle class, even for a single childless person. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770140) |
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Date: June 23rd, 2016 11:13 AM Author: heady submissive candlestick maker gaming laptop You're estimating a 30 year fixed? Otherwise your $1,400 all-in is quite low. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770417) |
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Date: June 22nd, 2016 12:37 AM Author: Low-t dead station A nurse and truck driver making $100k a year in are country would be balling out of control (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760139) |
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Date: June 22nd, 2016 12:44 AM Author: Maize Turdskin Tank This. Outside a few cities, 100K/yr is a shitload of $$$. That's what my dad made about the time my sister was graduating from HS, and my parents were going on vacations and booming like crazy, 3000 sq ft house, 18 acre tract, pretty new cars, etc. Restaurants whenever. Dad is currently doing all kinds of awesome vacations like fishing in the Canadian wilderness, elk hunting in western US, etc. |
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Date: June 22nd, 2016 12:47 AM Author: Yapping adulterous library foreskin thats one person making 100K per year, not two people combined. do you realize you make like 800 per week after taxes when you make 50K? so in this house, the dad brings home 800 per week and the mom brings home 800 per week, then you have to pay for a mortgage plus kids? I would argue such a family is borderline poor. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760228) |
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Date: June 22nd, 2016 12:49 AM Author: Maize Turdskin Tank this subthread literally started with the phrase "100k household income" and no my mom and dad are two people combined (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760244) |
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Date: June 22nd, 2016 12:49 AM Author: Yapping adulterous library foreskin so your mom didn't work? no way you had all that stuff then. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760247) |
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Date: June 22nd, 2016 12:50 AM Author: Maize Turdskin Tank no, sahm because she is heroic (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760249) |
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Date: June 23rd, 2016 9:03 AM Author: judgmental voyeur TYFT (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30769663) |
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Date: June 23rd, 2016 10:29 AM Author: Appetizing bespoke theater stage I'll back you up friend! Your mom staying home is/was worth a fortune..no maid needed or daycare needed and many other high $ expenses saved plus you're a more normal person for it (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770099) |
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Date: June 22nd, 2016 12:49 AM Author: Glittery nursing home ballin out of control on 5 grand post tax a month (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760248) |
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Date: June 22nd, 2016 12:51 AM Author: Maize Turdskin Tank what do you faggots spend your money on, only in my and my wife's most profligate months do we spend more than that and it's certainly not because we don't have the $$ (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760256) |
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Date: June 22nd, 2016 12:53 AM Author: Glittery nursing home i'm giving you a hard time. guess you can make that work on vacations to south america or w/e. but not really on vacations to europe. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760268) |
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Date: June 22nd, 2016 12:54 AM Author: Maize Turdskin Tank you know you can take cr vacations in the us
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Date: June 23rd, 2016 1:35 AM Author: mahogany site lol wtf, my wife and i spend $5k on a single weekend sometimes. but more commonly it'll be $5k over a week. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768821) |
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Date: June 23rd, 2016 9:05 AM Author: judgmental voyeur You're spending 250k a year on average?
Power to you if you can afford that. But that explains why you can't comprehend a family living well on 5k/month post tax. |
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Date: June 22nd, 2016 12:53 AM Author: Yapping adulterous library foreskin lol. the person arguing this must be still in college and never lived in the real world. lol at an 800 a week per person income being a lot. thats like the minimum to survive. when I first got out of college and was making that much, I couldn't even afford to live on my own. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760265) |
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Date: June 22nd, 2016 12:56 AM Author: Maize Turdskin Tank You know that phrase "the whole is greater than the sum of its parts"? mortgage and food and shit don't double when you double the people (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760292) |
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Date: June 22nd, 2016 12:57 AM Author: Yapping adulterous library foreskin food doesn't double when you have double the people? (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760301) |
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Date: June 22nd, 2016 1:03 AM Author: lemon awkward weed whacker food costs certainly don't. jfc have you ever gone grocery shopping? (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760330) |
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Date: June 22nd, 2016 1:33 AM Author: spectacular chartreuse rehab feces They probably more than double cuz you gotta take your woman out all the time (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760491) |
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Date: June 23rd, 2016 1:54 AM Author: Supple black cuckoldry hall Balling?
No, they wouldn't.
Step 1: Tell me about their retirement plan.
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Date: June 24th, 2016 11:39 PM Author: Sienna parlor haunted graveyard I'm 25% of the way to vesting in a pension plan. Half of my salary* for life.
*salary for retirement purposes is the average of the highest-earning three years |
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Date: June 24th, 2016 11:48 PM Author: Supple black cuckoldry hall "I'm 25% of the way to vesting in a pension plan."
Yes, some people win the lottery.
Now let's get back to those nurses and truck drivers. |
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Date: June 24th, 2016 11:53 PM Author: Sienna parlor haunted graveyard http://www.marines.com/being-a-marine/roles-in-the-corps/logistics-combat-element/motor-transport
http://explorehealthcareers.org/en/Career/80/Nurse_Anesthetist |
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Date: June 23rd, 2016 10:20 AM Author: Appetizing bespoke theater stage A specialized Nurse and an Owner/Operator Truck Driver can make YUGE $ (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770035) |
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Date: June 24th, 2016 1:17 PM Author: Exhilarant glassy sweet tailpipe ceo in MFH you're poor in Peoria you're a fucking god |
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Date: June 22nd, 2016 12:09 AM Author: beady-eyed halford sex offender It's actually more like 10-12%. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759958) |
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Date: June 22nd, 2016 12:11 AM Author: Glittery nursing home i'm surprised that 30% of households make more than 100k (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759972) |
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Date: June 22nd, 2016 12:13 AM Author: spectacular chartreuse rehab feces It's hard NOT to make 100k in a dual income home and most women work now. Lol at calling a teacher couple making 120k combined UMC (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759982) |
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Date: June 22nd, 2016 12:15 AM Author: Glittery nursing home i've never found satisfying stats on top 10% personal or household income. i don't think it's all that high. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30759996) |
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Date: June 22nd, 2016 12:16 AM Author: spectacular chartreuse rehab feces It varies so much by area of country (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760001) |
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Date: June 22nd, 2016 12:21 AM Author: lemon awkward weed whacker I feel like this is misleading, because a family of four with one parent making $120k is richer than one with two parents each making $60k (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760030) |
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Date: June 22nd, 2016 12:24 AM Author: odious free-loading shitlib how do you figure? the latter potentially has better benefits, and taxes would be similar. not to mention the level of stability is higher when you have two people making 60k. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760054) |
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Date: June 22nd, 2016 12:26 AM Author: spectacular chartreuse rehab feces Stay at home moms are valued at 350k (Slate (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760067) |
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Date: June 22nd, 2016 12:33 AM Author: lemon awkward weed whacker The latter almost always has higher costs. Childcare obviously, but also they end up paying a lot more for conveniences.
There's also value to having a parent spend more time with the kids.
Finally, you have two parents each putting in full work weeks for $120k in the latter case, whereas in the former, you have a lot of excess capacity on the part of one spouse to get other things done, and if the non-working spouse decides to work, you will have even higher income. |
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Date: June 23rd, 2016 9:08 AM Author: judgmental voyeur CR. I know a lot of teacher-teacher couples. Having put in some years with their respective school districts, their combined income is probably approaching 100k, but they're poor as F. Mainly because they have the childcare haircut.
Additionally, their lives kinda suck because they spend about 1 quality hour a day together as a family.
Totally different situation if you have a breadwinner and a caregiver, where the breadwinner makes 100k. |
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Date: June 23rd, 2016 10:02 AM Author: lemon awkward weed whacker Exactly.
Do you know any family that would rather have two working parents each making $200k, as opposed to one working parent making $400k? I sure don't. Division of labor, baby. |
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Date: June 24th, 2016 11:52 PM Author: Sienna parlor haunted graveyard Echoing others' comments here, it seems almost obvious.
For one thing, strongly disagree that the latter has better benefits. Benefits packages typically include families, and a position paying $120k/yr is more than twice as likely to provide generous benefits than a position paying $60k/yr.
Stability might be higher if someone loses their job. But if someone loses their job, then we're no longer comparing $120k to $120k. We're comparing $40k to $80k (assuming an unemployment payment of 1/3 pay).
The value of housework and logistics is not negligible. Daycare, meal prep, cleaning, etc. all have significant monetary value. Maid service averages $157 nationally. Do that once per week and you're talking about $8,000 a year. Childcare averages $11,666 per year in the U.S. That's already a $20,000 tax-free advantage of $120k over $60k+$60k. |
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Date: June 24th, 2016 1:03 PM Author: jet-lagged flushed indian lodge philosopher-king Teachers in most areas of the country start our at $20K-30K, not flame. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30782220) |
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Date: June 22nd, 2016 12:46 AM Author: Maize Turdskin Tank according to a teacher friend of mine in san antonio, the city just voted to make STARTING SALARY for a public school teacher there something like 52K/yr base starting salary in dallas is 50K/yr https://thehub.dallasisd.org/2015/04/20/salary-range-for-dallas-isd-teachers-increases-to-50000-90000/ |
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Date: June 22nd, 2016 12:17 AM Author: lilac rough-skinned pistol LOL no. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760002) |
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Date: June 22nd, 2016 12:18 AM Author: curious startled masturbator digit ratio Awesome, I'm "rich." That must be why I live in a 400 square foot apartment. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760008) |
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Date: June 22nd, 2016 12:26 AM Author: cerebral trailer park love of her life Time to start paying your fair share so we can get mo money for dem programs. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760075) |
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Date: June 23rd, 2016 9:08 AM Author: judgmental voyeur (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30769680) |
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Date: June 22nd, 2016 12:19 AM Author: Charismatic mint background story LOL WSJ: no no no dont look at us hedge fund bros and the top 1% of MFH and the few billionaires owning more than like 30% of the USA or whatever, you REALLY need to look at those damn teacher/plumber families that scrape together 100K, fuck them, UMC v middle class is the REAL WAR!!!! (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760016) |
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Date: June 23rd, 2016 9:10 AM Author: judgmental voyeur 180
And it's not even so much the 1%--there needs to be more emphasis on the .1% |
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Date: June 22nd, 2016 12:24 AM Author: Big elastic band factory reset button That's a pretty broad definition of UMC.
I would have thought it was more like $200k household income minimum. |
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Date: June 22nd, 2016 12:27 AM Author: spectacular chartreuse rehab feces I'm at around 200k and I definitely don't feel UMC. I feel like UMC is more 300-350k beginning range.... (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760083) |
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Date: June 22nd, 2016 1:31 AM Author: demanding medicated school chad i'd say umc is 175k to 250k household income you can have a family, take vacations, save for retirement, and not worry about the cost of any staples |
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Date: June 23rd, 2016 1:11 AM Author: Glittery nursing home (dood who makes 175k) (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768711) |
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Date: June 23rd, 2016 1:33 AM Author: mahogany site no way. maybe you could say that 200k take home is the lowest rung of UMC (so you're clearing ~400k gross before taxes) (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768810) |
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Date: June 23rd, 2016 1:45 AM Author: demanding medicated school chad yeah, no The official report measuring affluence in the United States states that appox. 1% of individuals in the country make $100,000 a year before taxes. .05% make $250,000 or more and .01% make $400,000 or more before taxes. |
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Date: June 23rd, 2016 1:48 AM Author: Glittery nursing home your statistics aren't accurate (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768872) |
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Date: June 23rd, 2016 1:49 AM Author: demanding medicated school chad it's from answers.com you may be right |
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Date: June 23rd, 2016 1:51 AM Author: Glittery nursing home average LAPD pay with benefits is over 100k. they're not the 1% (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768897) |
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Date: June 23rd, 2016 2:14 AM Author: demanding medicated school chad most cops don't make anywhere near that, though (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768993) |
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Date: June 23rd, 2016 9:11 AM Author: azure disrespectful hominid http://whatsmypercent.com (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30769688) |
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Date: June 23rd, 2016 1:48 AM Author: mahogany site they must be including children, retired people, prisoners, and the mentally defective in those figures (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30768874) |
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Date: June 23rd, 2016 1:51 AM Author: demanding medicated school chad maybe, i don't know probably should include everyone, though, don't you think? i guess it depends if the op included them or not |
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Date: June 22nd, 2016 12:28 AM Author: overrated bateful laser beams double fault Ummm...percentage-wise...headline is dimbfuck (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30760093) |
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Date: June 23rd, 2016 9:12 AM Author: azure disrespectful hominid http://whatsmypercent.com (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30769694) |
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Date: June 23rd, 2016 9:12 AM Author: Up-to-no-good Jet National Ladyboy ITT: Whites debate whether 200k or 300k is enough to raise a family while Latino raise three kids on 50k combined income. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30769695) |
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Date: June 23rd, 2016 10:38 AM Author: Appetizing bespoke theater stage "income" is pretty meaningless..its more about passive income stream and net worth..not what you make at some jew fraud $cam job/career (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30770160) |
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Date: June 23rd, 2016 11:18 AM Author: heady submissive candlestick maker gaming laptop This.
Old guy who owns 5 houses and "earns" $80k a year is worth a lot more than the biglaw senior associate with $300k income. |
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Date: June 24th, 2016 1:11 PM Author: 180 principal's office "Using Census Bureau data available through 2014, he defines the upper middle class as any household earning $100,000 to $350,000 for a family of three: at least double the U.S. median household income and about five times the poverty level."
Depending on COL, this sounds about right. $100k is downright poverty-line in NYC for a household (though not necessarily for your average singleton living with roommates in Murray Hill), but a family in Kansas City could do well off of that.
I actually think a lot of these people in the $100k-$350k range are in a precarious spot and I don't necessarily agree with the WSJ's conclusion that it's the UMC folks vs. everyone else. There are more UMC-paying jobs, but shit costs more and certain cities are getting much more expensive (and those are the cities with the highest growth rate in UMC jobs, likely). |
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Date: June 24th, 2016 1:12 PM Author: jet-lagged flushed indian lodge philosopher-king God what a shit thread. Retards wildly speculating about cost of living differences they don't understand. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30782265) |
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Date: June 24th, 2016 11:57 PM Author: Low-t dead station Fucking this. People that have no idea there is ample quality housing available for <$200k in a significant portion of the country. (http://www.autoadmit.com/thread.php?thread_id=3262394&forum_id=2#30786517) |