POLL: In the US, is a $250,000 household income middle class?

[Possum577]

Thanks for everyone's responses.

It's great to hear what the relative figures are in other countries, even though they can't be compared fairly across the board.

DoOM, I agree with you completely, in the US $250k household income is great, no matter where you live. But it's not "family is set" money. It doesn't impact generations.

[spazzdla]

To think the middle class is anything but what the average person earns just goes to show how fucked up this planet is.

[KaChingCoinDev]

Like spazzdla said, middle class should be the what the average household earns. Silicon Valley average houshold income is $90,000, Average for the US is $69,000. So when you look at it that way, 250K anywhere in the US is above average.

[polynesia]

Like spazzdla said, middle class should be the what the average household earns. Silicon Valley average houshold income is $90,000, Average for the US is $69,000. So when you look at it that way, 250K anywhere in the US is above average.

Rather than the average, you should look at the median.
A few very rich people could skew the average.

[Possum577]

Here's an article on the cost of living in Silicon Valley -> http://www.dailymail.co.uk/news/article-2979345/Meet-single-mother-living-250-sqft-GARAGE.html

Average rent for a 2 bedroom apartment or house in San Mateo county is $3,000 USD.

[Possum577]

To think the middle class is anything but what the average person earns just goes to show how fucked up this planet is.

So anyone earning a $1 more than the average is upper class income?

Middle class is a range...it has to be a specific amount above and below the average or median household income (depending on which number you subscribe to).

[Bonam]

I'd say middle class is anyone in the range of income/wealth that makes the following statements true:

- does not need to worry about having enough money to afford basics like food/shelter/healthcare/etc on a regular basis. That is, they make enough to have security in their access to basic needs.
- does not have a store of wealth sufficiently large that earning income is no longer necessary to ensure the above security for the rest of their life

In the US, anyone making more than about $20-50k/year (depending on location) and holding less than about $2 million in liquid assets could fairly be characterized as middle class.

If you start earning $250k you're middle class for a while, until you've accumulated a few million in your savings/stocks/bonds/etc. Once you have that few million in liquid wealth (excluding value of primary residence), you're upper class, I'd say. If you're earning $500k but spending it all and never manage to accumulate any wealth, you're probably still middle class since if you lose your job you're just as screwed as the guy making $50k. Upper class is about having the freedom to not need to work for a living any more.

[innocent93]

You mean $250,000 annually? Yes it's I geuss. Back in the developing country China, $200,000 annual income could only make you "middle class", it sounds a lot, but the truth is some make money far more than $200,000, and this cause the unequal distribution of income in China.

[Kprawn]

I think Donald Trump and Robert Kiyosaki explain it very well in their book ....  Why We Want You to be rich   -----> http://www.whywewantyoutoberich.com/

The middle class are being destroyed, and we are moving towards a situation, where there are poor and super rich people.

I doubt that $250,000 can be classed as being middle class. {First world countries... in the big cities .. where there are a huge concentration of super rich people, the average income would be higher, not the standard for the whole country though. {But you have a huge concentration of very poor suburbs to take into this average too.. so it tends to influence the numbers}

On average... in the current financial situation... $250,000 seems a bit high. 

[Amph]

250k should be way above even in the us, at least now where the money are even more of a toilet paper

some zone are obviously richer than other, and 250k may be seen as a small amount

[Dissonance]

If your household income is 250k that puts you in the 96 percentile.  People who believe that this is still a middle class income must also believe that 5500 is a  middle class income as well since that is on the other extreme of the income scale (4%)

[Q7]

If the cost of living in that area is high, practically I can understand why the need to classify that into middle income household. Because whatever the household earns and then compared against what it costs around you, that basically represents the spending power. Nevertheless, if a household with that income were to going to shift to another outskirt area where practically everything is cheap, then it will be different scenario.

[thejaytiesto]

To think the middle class is anything but what the average person earns just goes to show how fucked up this planet is.

So anyone earning a $1 more than the average is upper class income?

Middle class is a range...it has to be a specific amount above and below the average or median household income (depending on which number you subscribe to).

Well you have to stablish limits to start considering something middle class or upper class, it's silly that only 1 dollar can make the difference but like i said before there must be limits.

[NUFCrichard]

To think the middle class is anything but what the average person earns just goes to show how fucked up this planet is.

So anyone earning a $1 more than the average is upper class income?

Middle class is a range...it has to be a specific amount above and below the average or median household income (depending on which number you subscribe to).

Well you have to stablish limits to start considering something middle class or upper class, it's silly that only 1 dollar can make the difference but like i said before there must be limits.

Not really because they are unimportant notions without meaning, so no defined barriers are needed.
If it were actually of importance then it would be something along the lines of being writhing a certain number of standard deviations of the mean wage in the local area. 

I would assume that someone earning 100k in New York is poorer as a percentage of the population than someone earning 90k in Idaho.

Just as a side note, in the UK class has no direct link with earnings, it is more of a family history and job title thing.