The upper bound of what’s considered middle class for households exceeds $100,000 in every U.S. state.
  • Opinionhaver@feddit.ukEnglish
    0·
    2 months ago

    That’s wild. If I was making 100k a year I’d be able to retire in a decade. I make about a third of that and I’ve got virtually everything a man could ask for.

    • dhork@lemmy.worldEnglish
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      2 months ago

      I see your UK instance, is your “1/3 of that” in dollars or GBP? For context, 100k USD is currently about 77k GBP

      • Opinionhaver@feddit.ukEnglish
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        2 months ago

        I live in northern europe. Converted to dollars my current yearly income is a little over 33k USD.

      • Opinionhaver@feddit.ukEnglish
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        2 months ago

        I live in a tiny 75-year-old granny cottage, drive a 17-year-old truck, wear 10-year-old clothes, never eat out, and never travel anywhere.

          • Opinionhaver@feddit.ukEnglish
            0·
            2 months ago

            Turning off that feature sure was among the better choices when it comes to my social media use and mental well-being. Knowing Lemmy, it’s probably my choice of transportation.

            • Em Adespoton@lemmy.ca
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              2 months ago

              Are you living alone? That’s the only way I can make those numbers add up. I’ve got a similar lifestyle but repairs/food/dependants mean I need a significantly higher income to break even AND save for retirement.

            • getoffthedrugsdude@lemmy.ml
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              2 months ago

              Really? I would have guessed jealousy, like a petty “tHeY hAvE iT EaSy” or something else small-minded. Either way, kudos!

  • enkers@sh.itjust.works
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    2 months ago

    The report, which crunched the numbers for all 50 states, is based on Pew Research’s definition of middle class: two-thirds to double the median household income.

    This kinda strikes me as a bit of a disingenuous definition. Being middle class always struck me as having a moderate amount of disposable income after all regular life expenses.

    If you’re living in an expensive part of your state, you could well be above that 66% of median state income mark, but still be quite impoverished.