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If you are free of debt and have just $10 in your possession, you are financially ahead of approximately 70% of Americans.
oh no. are those poor people ok? they cant budget 150k? i feel really bad for them. is there perhaps a venmo? I make less than 50k, but gosh, i didnt realize they had it so hard.
Amazing. Class war between poor and middleclass while billionaires laugh all the way to their private jet
if you make $150k but live in a HCOL area and have kids, and perhaps one or two expensive medical conditions in the family, maybe some student loan debt and a mortgage, congrats you're paycheck to paycheck
I literally know someone like this.
It's not about the numbers. Working class is working class.
Only 3 718$ payments left on my car and I paid off 4/5 credit cards. Turned them all off to. Just being slow with my Best Buy credit card.
ITT: the working class shitting on each other just like the billionaires intended
I find car insurance more outrageous than car payments.
I remember talking with some Americans a few years ago, they worked in the tech industry, so definitely on the upper side of the income range. And even they said they were feeling the crunch around 2022-2023. I can only imagine how it felt for the regular people.
Quite the contrast with the official numbers which claimed the American economy is growing. Let's just say that the election outcome was not surprising.
Well the rich are gaining obscene amounts of money. So many of the large companies are pulling in record profits. So in that sense, the american economy is growing. The peoblem is theyre squeezing the rest of us for that.
$150k household income is not enough to afford a house, middle class standard of living, children, and retirement savings since you don't have a pension. at least in my area.
it'll get you lower middle class, maybe.
I'm not saying these people should be having money issues, they need to budget appropriately. but what used to be possible 20 years ago just isn't now, you need to choose one big thing to drop, whether that's a detached house, children, expensive hobbies, trips, etc
there's too much shifting of the goal posts for what middle class is, I think it has slipped too far downwards
children? when we've hit the climate crisis tipping point? no thanks, i'd rather not bring people into this world who are going to die a painful death from a climate related catastrophe.
It feels like the whole world has been an externalized cost for the very rich.
Imo the entire concept of the middle class should be abandoned as capitalist propaganda. There's the rich and there's the working class. Anything else is a distraction to keep us from focusing on the rich stealing from the workers. Bezos owns a $500,000,000 yacht while thousands of his employees rely on government assistance programs which are funded by taxes he doesn't even pay.
Owning class, working class and then you do have a mid point of worker/owner class. Their money comes partly from their labour but also partly from their wealth
Those at the midpoint still have to work to live, so they are working class. 🤷
At some point it's more that they want the extra money than they have to work, and they own so they are also the owning class
If they don't have to work to live, they're no longer working class (Musk still works at Tesla, but clearly doesn't need to). But I'm not sure what your point is. Are you saying that those who derive their wealth from the labor of workers but who can't afford a yacht should be treated differently than billionaires? I'm not arguing that we shouldn't have progressive tax rates, I'm only saying that an arbitrarily defined 'middle class' exists solely so that you and I are distracted by exactly these discussions, and provides no benefit to determining what is justifiable economic policy.
https://en.wikipedia.org/wiki/Petite_bourgeoisie ?
Although members of the petite bourgeoisie can buy the labour of others, they typically work alongside their employees, unlike the haute bourgeoisie. Examples can include shopkeepers, artisans and other smaller-scale entrepreneurs.