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A Volvo XC90 is not "modest middle class." It's a luxury vehicle. And a car payment that high is insane.

warbaker 8y ago
300k is usually considered to be upper middle class, if not upper class. The threshold for being in the top 1% of earners is 420k (https://www.cnbc.com/2018/07/19/what-you-have-to-earn-to-be-in-the-1-percent-in-america.html https://www.cnbc.com/2018/07/19/what-you-have-to-earn-to-be-...).
- dragonwriter 8y ago
  > 300k is usually considered to be upper middle class, if not upper class. The threshold for being in the top 1% of earners is 420k If being an “earner” is a major source of your income, you aren't in the upper class (haut bourgeoisie) in a capitalist society. If being an “earner” is the major source of your income, you aren't in the middle class (petit bourgeoisie) either, just a (potentially highly paid) member of the proletariat—a wage laborer—even if you might happen to be from the proletarian intelligentsia rather than a manual laborer.
  - deleted 8y ago
    [deleted]
- hellisothers 8y ago
  You can’t have absolute salary numbers be attached to a lifestyle since 300k/year is like Royalty in Virginia but just “comfortable” in SF or NYC.
dkhenry 8y ago
Your right, so go ahead and get a more modest car, save 600 a month, or 7200 a year, That will buy you exactly two weeks of living expenses per year you could save. Do the same with food and save another 1300 a month and you can get up to six week of expenses saved per year. Then if you manage to do that for five years straight you will have the six month cushion that you should have in savings, and this is on a salary that would put you in the top five percent of all earners in the country. Think about that this is the best case scenario for people making more then 95% of all other Americans, and we are having a discussion if they should be able to drive a Volvo, or eat more then beans and rice. The point your missing is that to even have that discussion you need to be in the top 5th percentile. How are the other 95% of people making ends meet?

300k is usually considered to be upper middle class, if not upper class. The threshold for being in the top 1% of earners is 420k (https://www.cnbc.com/2018/07/19/what-you-have-to-earn-to-be-in-the-1-percent-in-america.html https://www.cnbc.com/2018/07/19/what-you-have-to-earn-to-be-...).

dragonwriter 8y ago
> 300k is usually considered to be upper middle class, if not upper class. The threshold for being in the top 1% of earners is 420k If being an “earner” is a major source of your income, you aren't in the upper class (haut bourgeoisie) in a capitalist society. If being an “earner” is the major source of your income, you aren't in the middle class (petit bourgeoisie) either, just a (potentially highly paid) member of the proletariat—a wage laborer—even if you might happen to be from the proletarian intelligentsia rather than a manual laborer.
- deleted 8y ago
  [deleted]
hellisothers 8y ago
You can’t have absolute salary numbers be attached to a lifestyle since 300k/year is like Royalty in Virginia but just “comfortable” in SF or NYC.

dkhenry 8y ago

Your right, so go ahead and get a more modest car, save 600 a month, or 7200 a year, That will buy you exactly two weeks of living expenses per year you could save. Do the same with food and save another 1300 a month and you can get up to six week of expenses saved per year. Then if you manage to do that for five years straight you will have the six month cushion that you should have in savings, and this is on a salary that would put you in the top five percent of all earners in the country. Think about that this is the best case scenario for people making more then 95% of all other Americans, and we are having a discussion if they should be able to drive a Volvo, or eat more then beans and rice. The point your missing is that to even have that discussion you need to be in the top 5th percentile. How are the other 95% of people making ends meet?