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67
American in Japan
2011 Oct 7, 10:31pm
American in Japan
2011 Oct 7, 10:31pm
@John B.
>I think the change has been from an American Middle Class with everyone else in the world much poorer, to a global Middle Class.
You have some good insight here.
68
B.A.C.A.H.
2011 Oct 8, 6:36am
B.A.C.A.H.
2011 Oct 8, 6:36am
American, the more chatter from Us "everyone else" (vs Super RIch) about "who's in, who's out" of the middle class, more chits in the gotcha! column of the Super Rich.
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I read almost every day about the struggles of "middle class" families, or, more commonly, the decline of the "middle class," or something like "middle class" hit hard by housing bust. Rarely, if ever, is that term actually defined. I am wondering what people on this forum, who seem very informed regarding economic and social issues, think would be a fair definition of middle class. Using only income as the marker, which is of course imperfect for many reasons, I would say that $40,000-$70,000 is lower middle, $70,000 to $120,000 is middle, and $120,000-$250,000 is probably upper middle, for a family of four. Anybody else have an opinion on this? What exactly does it mean when the press reports that "middle class unable to obtain mortgages."
#housing