How to Gauge Your Middle-Class Status

LeeNetworX · 03-26-2010, 07:11 AM

http://finance.yahoo.com/banking-bud...d=bb-budgeting

WARputer · 03-26-2010, 08:34 AM

Yup...that's us....in the middle.

Cutty72 · 03-26-2010, 08:56 AM

Yeah, on the low end here...

smileyman · 03-26-2010, 09:45 AM

Yup, I am upper lower class. Of course my household I am the sole wage earner, temporarily, till Alex starts school this fall, freeing up the wife's time...

shmike · 03-26-2010, 09:49 AM

Median income of $81,000 with two cars averaging $45,000 each.

Scary.

LeeNetworX · 03-26-2010, 10:11 AM

Quote:

Originally Posted by shmike

Median income of $81,000 with two cars averaging $45,000 each.

Scary.

Absolutely. That's insane. Owning 2 cars where the 'at new' value of them are 111% of your yearly income.

We are at 37% and I consider that higher than I'd like.

Rider · 03-26-2010, 10:12 AM

Quote:

Originally Posted by shmike

Median income of $81,000 with two cars averaging $45,000 each.

Scary.

That was my thought too.

RACER X · 03-26-2010, 10:49 AM

income is one factor, but cost of living is a whole other animal

$100+k is alot in TX but not alot in say CA or NY

car price seems out of wack.

smileyman · 03-26-2010, 10:51 AM

Just imagine where the auto industry would be if they hadn't used the consumers ability and gullibility to finance for 72 mon or pack onto their MTG new car prices? They took advantage.

And thats why my 83 Firebird has commuted for me for almost 19 yrs...

goof2 · 03-26-2010, 10:56 AM

The middle class depends on credit to live beyond their means. Many of them/us are leveraged way beyond what would be considered prudent. The number for retirement savings is also shitty.

03-26-2010, 07:11 AM	#1
LeeNetworX SFL Expatriate #1 Join Date: Nov 2008 Location: ATL Burbs Moto: '09 Triumph Speed Triple Posts: 4,712	How to Gauge Your Middle-Class Status http://finance.yahoo.com/banking-bud...d=bb-budgeting

03-26-2010, 08:34 AM	#2
WARputer WERA Yellow Plate Join Date: Mar 2008 Location: Lake Murray, South Carolina Moto: 2005 Hayabusa Posts: 625	Yup...that's us....in the middle. __________________ Chris

03-26-2010, 09:45 AM	#4
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	Yup, I am upper lower class. Of course my household I am the sole wage earner, temporarily, till Alex starts school this fall, freeing up the wife's time... __________________ Arkriders.com To be the best you must first be willing to risk the worst!

03-26-2010, 09:49 AM	#5
shmike Follower Join Date: Nov 2008 Posts: 5,549	Median income of $81,000 with two cars averaging $45,000 each. Scary. __________________ Racing For Smiles

03-26-2010, 10:49 AM	#8
RACER X AMA Supersport Join Date: Nov 2008 Location: Richmond, Tx Moto: '10 Tuono Factory Posts: 4,569	income is one factor, but cost of living is a whole other animal $100+k is alot in TX but not alot in say CA or NY car price seems out of wack. __________________ ΜΟΛΩΝ ΛΑΒΕ 2014 GROM! 181cc of FURY 2010 Aprilia Tuono Factory - SOLD 2009 SFV Gladius - SOLD 2008 Hayabusa - SOLD.

03-26-2010, 10:51 AM	#9
smileyman White Trash Hero Join Date: Mar 2008 Location: NW Arkansas Moto: Buell 1125R Porco Rosso Edition Posts: 4,895	Just imagine where the auto industry would be if they hadn't used the consumers ability and gullibility to finance for 72 mon or pack onto their MTG new car prices? They took advantage. And thats why my 83 Firebird has commuted for me for almost 19 yrs... __________________ Arkriders.com To be the best you must first be willing to risk the worst!

03-26-2010, 10:56 AM	#10
goof2 AMA Supersport Join Date: Feb 2009 Posts: 4,756	The middle class depends on credit to live beyond their means. Many of them/us are leveraged way beyond what would be considered prudent. The number for retirement savings is also shitty.