4 ms·
That’s really just a semantic question over the definition of middle class. If it’s median income then sure, those brands are generally out of reach. However fo
by b_tterc_p 8y ago
That’s really just a semantic question over the definition of middle class. If it’s median income then sure, those brands are generally out of reach. However for many middle class might also refer to various tiers of purchasing power, in which middle class may represent something closer to the 70-90th percentile of incomes.
- deleted 8y ago[deleted]
- Spivak 8y agoWhat? The median income in the US this year was $60k which is plenty enough to shop at those stores. Lush's products are less than $15.
- rconti 8y agoRight, but nobody NEEDS a bath bomb. It's like saying Voss water only costs $3 a bottle; anyone can afford that. Yes, literally, the homeless guy on the corner can AFFORD it, but that doesn't mean he's likely to make that choice.
- dpark 8y agoThe homeless guy on the corner isn't middle class. Middle class people commonly buy "unnecessary" things, even clear luxury items like Coach bags.
- crushcrashcrush 8y ago$60k after taxes is what, $48k take home? After rent, gas, groceries, insurance, a car payment, what’s left? You certainly shouldn’t be shopping at any of those stores on that salary.
- dpark 8y agoDepends a lot on where you live. I used to make less than that but lived quite well. If your rent and car payment are low, $4k/month could easily leave you > $1k/month to spend on "whatever". If you live in Silicon Valley and take home $4k/month, not so much.
- Spivak 8y agoMidwest prices my friend. When I made $60k I was able to put half my paycheck straight into savings and still have a few hundred bucks leftover for 'whatever' every month.
- b_tterc_p 8y agoDo note that 60k is household income, not individual salary. I don’t know most of those brands well personally, but I think it’s fair to say that most $60k families might have shopped there for splurge purchases but do not do so regularly or casually. What was the statistic from the other day, 40% if families can’t produce $400 without debt or selling things? To your point (and mine), the purchasing power of money varies by context, nominal figures vary in usefulness