WestSideBilly wrote:Most people define their status by their peers, not society as a whole. So for a single child-free lawyer in Seattle, $80k feels pretty low when compared to other lawyers who are making $100k (single) or $180k (DINKs).
Anyone who can't get by quite nicely on $80k, regardless of their student loan debt, is doing something wrong.
Alan wrote:If your family is earning $80k and are saving properly for retirement then you should be living a lower middle class lifestyle.
A lower middle class person can own a plasma television and a BMW if they are willing to turn their retirement savings into discretionary income.
But even if he is saving for retirement, he shouldn't be worrying about where the money for the next bill is coming from.
If you are worrying about how you are going to pay your bills then you are working class.
If you pay the salary of one more more working class people then you are upper class.
Ubersalad wrote:IMO, class is representation of income and asset, with more weight on the asset.
100k income with 2 million asset (solid executive) comparing to 300k income with no asset (RE agent/Mortgage Broker). Who do you think is better representative of middle class?
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