About one in three Americans making six-figure salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia.
That assumes a normal distribution. Wealth/income is not.
An excellent resource is:
Social Stratification in the United States: The American Profile Poster of Who Owns What, Who Makes How Much, and Who Works Where https://a.co/d/09LVTyYi
I don’t think your definition of middle class is what most people use when they talk about it.
This is really obvious if you think about people remarking on the death of the middle class. They’re not saying that the mean or the median doesn’t exist. They are saying that families like the Simpsons are much less common than they used to be.
Expanding lower bound to 50k does indeed appear to cover the “middle class” but income above 100k is hardly “barely middle class” from statistical point of view.
median household US income is under 80K.
even most major metros are still under 100k.
Do you think making $100k to $150k yearly makes you wealthy?
it puts you into about 60-80% of the american households.
middle class by default would be 40-60%
“It’s barely middle class for most places now.” is hyperbolic
That assumes a normal distribution. Wealth/income is not. An excellent resource is: Social Stratification in the United States: The American Profile Poster of Who Owns What, Who Makes How Much, and Who Works Where https://a.co/d/09LVTyYi
“middle class” then has no meaning…
there are wage slaves and owners. i don’t need a book to see that, i live it.
100% accurate
I don’t think your definition of middle class is what most people use when they talk about it.
This is really obvious if you think about people remarking on the death of the middle class. They’re not saying that the mean or the median doesn’t exist. They are saying that families like the Simpsons are much less common than they used to be.
The fact that you are using a reference to corporate media to make your point gave me a chuckle lol
This shit is weaved so deep into social fabric, we are fucked.
What’s the definition of middle class in the US?
whatever a person thinks it is haha
however, if we rely on something about more concrete than feelz like stats, it would be the middle of the population
If you relied on stats you’d see it’s $50-$150k a year so what I’m saying isn’t even hyperbole.
This was the original statement…
50-100k covers about 38% to 63%
this is the middle.
100-150k: 63%-79%
See Distribution of household income in 2022 according to US Census data
https://en.wikipedia.org/wiki/Household_income_in_the_United_States
Expanding lower bound to 50k does indeed appear to cover the “middle class” but income above 100k is hardly “barely middle class” from statistical point of view.
The definition of middle class in the US is $50k - $150k based on the last census.
Hence why I said and continue to repeat that $100k - $150k is not wealthy but barely middle class.
I’m not sure what or why you are arguing here.