How to Gauge Your Middle-Class Status
 

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

Yeah, on the low end here...

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...

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.

That was my thought too. :tremble:

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.

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...

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.