4 ms·
The middle class is basically gone at this point, and the majority of people are either upper-middle class or lower class. This is only true if you have some b
by ryanwaggoner 10y ago
The middle class is basically gone at this point, and the majority of people are either upper-middle class or lower class.
This is only true if you have some bizarre definitions that you're using. The decline of the middle class has been a few percentage points. It's certainly not "gone".
More than 50% of households in America make $25-100k. That's solidly middle-class.
https://en.m.wikipedia.org/wiki/Income_in_the_United_States https://en.m.wikipedia.org/wiki/Income_in_the_United_States
- TheAdamAndChe 10y ago$25k is really not middle class, especially in cities with higher COL.
- lovich 10y ago25k isnt even enough to pay rent after taxes in quite a few cities where the jobs are. If you take Boston for example and follow the rule of thumb of 30% of your net income for rent, youd need around 80k to afford a 1 bedroom apartment without roommates