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I think the issue here is that both sides are talking past each other. Middle class used to mean 2 separate things. 1) You made a certain income. and 2) you
by chollida1 12y ago
I think the issue here is that both sides are talking past each other.
Middle class used to mean 2 separate things.
1) You made a certain income.
and
2) you were able to support a particular life style on that salary( detached house, 2 cars, vacations, able to put your kids through school), or what every your definition of middle class was.
The problem is that with inflation on some of these things, notably houses and university, someone who is middle class by definition 1 ins't middle class by definition 2.
Here is the original piece that the article is commenting on:
http://www.nytimes.com/2015/01/29/upshot/why-obamas-proposal-for-529s-had-no-chance.html?rref=upshot&abt=0002&abg=1 http://www.nytimes.com/2015/01/29/upshot/why-obamas-proposal...
For what its worth I tend to agree with the original article.
With Montessori (private school) for 2 kids, a nice house in a good neighborhood in a big city, and the fact that I reinvest all my money back into my company it certainly feels like I'm living a middle class lifestyle.
I also completely agree that you can't use just salary as your measure of middle class. It looses meaning when comparing small town to a city like NY.
- danielweber 12y agohttps://soundcloud.com/mia-riker-norrie/classical-rap-pdq-bach https://soundcloud.com/mia-riker-norrie/classical-rap-pdq-ba... From the early 90's, a take on how hard is it live on six figures on the Upper West Side. (I coincidentally happened to listen to an old cassette tape with this, and then read this thread.)
- chaqke 12y agoThat sounds upper-middle if not upper class to me ;-) Disposable income going into high-risk investments after securing an excellent education for 2 kids - if the rest of the middle class were so lucky, our entire next generation would be pretty well-positioned.