3 ms·

In Nebraska. Not for the working class but upper middle class definitely

• brewdad 5y ago
  If we go off the 4x income to debt ratio a poster above used, a household income of about $162K is needed to be able to afford Mr Buffett's home. That income places you in the 95th percentile of Nebraska household incomes.[1] That's a pretty narrow slice to be even "upper" middle class. [1] https://dqydj.com/income-percentile-by-state-calculator/ https://dqydj.com/income-percentile-by-state-calculator/
  • kbelder 5y ago
    Calling 1 in 20 people 'upper middle class' doesn't seem that far of a stretch. More of a stretch to call 1 in 20 rich.
    • symlinkk 5y ago
      I thought the entire definition of “middle class” was that it’s “average”. 1 in 20 is not average.
      • _carbyau_ 5y ago
        Nah. The term is "middle class" where class is defined by the lifestyle/societal-position on a class ladder, not some statistic mean regarding income. You can have societies with 90%+ population in low class or 50% population in middle class. History buffs generally know more how it looks for a society to have various levels of classes. I wish we all looked at history more, especially myself if I only had the time to stop rat racing...
  • lotsofpulp 5y ago
    Like everything, class follows power law. So 0 to 90% is lower class, 90% to 95% is middle class, 95% to 99% is upper middle class, and 99% to 100% is upper class. This might be an attempt at humor.