3 ms·

I was making a reference to this study: https://smartasset.com/data-studies/how-to-be-middle-class-americas-largest-cities-2023 https://smartasset.com/data-stud

by kodah 3y ago

I was making a reference to this study: https://smartasset.com/data-studies/how-to-be-middle-class-americas-largest-cities-2023 https://smartasset.com/data-studies/how-to-be-middle-class-a.... It's 300k not 400k, I'll fix my comment.

pb7 3y ago
>It's 300k not 400k, I'll fix my comment. It's not $300K, it's $243K household income in San Francisco and $252K household income in San Jose in your own link and that's the upper bound of some arbitrary "study". Please don't spread misinformation as it makes this site look poorly educated.
- kodah 3y ago
  Uh, ok? Are classes not judged by household income? Are you assuming every tech worker is married to another high income earner? Someone having a perspective, which is based on data, that you disagree with does not qualify as misinformation. I lived in the aforementioned cities and am not in a relationship with someone who is a high income earner. I think it's fine to point out how problematic it is that whether it's 250, 300, or 400k being the bar for middle class is pretty far down the line of problematicness.
  - pb7 3y ago
    I guess I’ll spell it out for you. An individual making $400K is rarer than a household making $400K so if the upper bound for a household is $250K, the individual upper bound is far lower, which is nowhere near $400K. The claim that someone that makes even $300K is “middle class” anywhere is hilarious. That person becomes a millionaire in their 20s while living a very cushy life. You’re incredibly out of touch.
    - kodah 3y ago
      I don't think you really understand what that study is saying nor the guidelines of this website. I was single living in that area on roughly $300k. My effective tax rate (state + federal, post Trump's tax changes) was around 34.64% and my rent was 3.6k per month for a two bedroom duplex in San Jose. I'm not sure how you gander that adds up to being a millionaire in any soonish timeframe. The last time I ran Monte Carlo on my income I'd, maybe, make my first million in my late 40s. You're sitting here telling a story about two people who are married making 400k. Optimizing for married people when folks are forced to commute and only telling that story is a tad disengenuous when millennials are known to get married mostly in their 30s. I have a feeling you're mixing up middle-income and middle-class, which are not the same thing.
      - deleted 3y ago
        [deleted]

by kodah 3y ago

pb7 3y ago

>It's 300k not 400k, I'll fix my comment. It's not $300K, it's $243K household income in San Francisco and $252K household income in San Jose in your own link and that's the upper bound of some arbitrary "study". Please don't spread misinformation as it makes this site look poorly educated.

kodah 3y ago
Uh, ok? Are classes not judged by household income? Are you assuming every tech worker is married to another high income earner? Someone having a perspective, which is based on data, that you disagree with does not qualify as misinformation. I lived in the aforementioned cities and am not in a relationship with someone who is a high income earner. I think it's fine to point out how problematic it is that whether it's 250, 300, or 400k being the bar for middle class is pretty far down the line of problematicness.
- pb7 3y ago
  I guess I’ll spell it out for you. An individual making $400K is rarer than a household making $400K so if the upper bound for a household is $250K, the individual upper bound is far lower, which is nowhere near $400K. The claim that someone that makes even $300K is “middle class” anywhere is hilarious. That person becomes a millionaire in their 20s while living a very cushy life. You’re incredibly out of touch.
  - kodah 3y ago
    I don't think you really understand what that study is saying nor the guidelines of this website. I was single living in that area on roughly $300k. My effective tax rate (state + federal, post Trump's tax changes) was around 34.64% and my rent was 3.6k per month for a two bedroom duplex in San Jose. I'm not sure how you gander that adds up to being a millionaire in any soonish timeframe. The last time I ran Monte Carlo on my income I'd, maybe, make my first million in my late 40s. You're sitting here telling a story about two people who are married making 400k. Optimizing for married people when folks are forced to commute and only telling that story is a tad disengenuous when millennials are known to get married mostly in their 30s. I have a feeling you're mixing up middle-income and middle-class, which are not the same thing.
    - deleted 3y ago
      [deleted]