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Middle class usually has healthcare of some sort. I don't think you understand what you're talking about. To be clear, I completely agree that there is a class
by hueving 8y ago
Middle class usually has healthcare of some sort. I don't think you understand what you're talking about.
To be clear, I completely agree that there is a class of people in the US that lives like that, but it's not the middle that is bringing in $70-80k a household from jobs with benefits.
- prolikewh0a 8y agoSure, I have health insurance and work Corporate IT for a Fortune 500. I'm lower middle class. Lets run through the numbers here. I pay $140/month for insurance, have a $1500 deductible, $500 ER visit, and $3000 maximum out of pocket. A hospital trip for me could cost $5000, which would absolutely devastate me even though I have no debt, and have some savings. This is standard for friends who work at other companies with similar jobs, too, including in other states. The middle class does not have healthcare, they have essentially 'Catastrophic' coverage and an illusion that they are covered for anything else.
- hueving 8y agoPut 5k in an HSA. If you're lower middle, you should be able to achieve this in a year (remember it's pretax). If you can't make it work, you are either wasting money somewhere significant (e.g. housing costing more than 25% of your income), or you aren't lower middle class for the area you live.