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Teachers and Police are upper middle class...I tried to warn you (1 Viewer)

The "x" factor in that statement is that you don't have kids.  That's where all the money goes.  If you're in the $100k-$150K range and are DINKS then, yeah, you're living high on the hog most likely. 

My wife and I are in that category and we do fine. We have a couple friend who are, funny enough, a cop and a teacher and they have one child and their life couldn't be more opposite.
No offense but your friends apparently don't manage their affairs well.  The problem is not just having a kid.

 
If you haven't been paying attention to my themes and posts, I am trying to unite the folks who make $50,000-$200,000 a year, believe it or not a lot of young doctors and attorneys fall into this band so it helps unite Joe the Plumber with Stu the Dentist, instead of creating class warfare, I want to unite a large working class of folks. Nothing against the minimum wage workers, want to help them too but we need for the middle class working folks who drive the economy and pretty much life itself for both classes above them and below them to unite and not be broken apart into upper/middle/lower, the lifestyles are very similar...put on pants, go work, pay for car/house/bills, granted the cars are a little nicer for the folks making $200k but the lifestyles are very similar. 

Less fighting, more uniting, less Left/Right, more worker centered. The Labor Party for lack of originality. 
So, someone can make 4 times the bottom number and still be grouped with them?  That seems crazy.  Ask anyone making $50,000 if they think they belong in a group making $200,000.  I bet I know what kind of reaction you will get.

 
No offense but your friends apparently don't manage their affairs well.  The problem is not just having a kid.
no doubt.  Everyone has their way of choosing how they spend and save. It's fair to say our friends (in OUR opinion) could make better choices but, hey, we aren't them and its not our call.

For the record, I like the thread topic. Interesting points being made.

 
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:tinfoilhat:

After reading the "report" I get your point even without the angst.  It's meaningless imo when they use "stats" like In 1979, the upper middle class would have brought in between $36,500 and $127,700 a year.  What is the value of that statement?  

[SIZE=17.6px]I'm not big on labels but where do they put a family of 7 making  $125k?[/SIZE]
Hopefully at the doctor getting fixed.

 
One would think that with our steadily increasing productivity and the tech boom more than 3% of Americans would be making six figures. Right?

ETA: A police officer and teacher's combined salary is more like 70-80k. Where the hell are they getting 100k+?

 
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One would think that with our steadily increasing productivity and the tech boom more than 3% of Americans would be making six figures. Right?

ETA: A police officer and teacher's combined salary is more like 70-80k. Where the hell are they getting 100k+?
Some teachers make over $60K.   Every state is different.  Teachers in OH make a lot less than teachers in PA. 

 
I didn't understand anything MoP was saying.  :loco:
At a guess, I'd say he's worried that (for a simplification) if a tax goes into play stating anyone in the $100k-350k group gets taxed at "x" rate, it's something much more hard-hitting (and unfair) to the $100k-150k group than those from $150k-350k.

 
One would think that with our steadily increasing productivity and the tech boom more than 3% of Americans would be making six figures. Right?

ETA: A police officer and teacher's combined salary is more like 70-80k. Where the hell are they getting 100k+?
Minnesota police and sheriff's patrol officers receive a median salary of $57,410. Teachers mean wage is $54,910. As was stated, location matters, but for the context of arguments, the numbers are close enough IMO. 

 
Perhaps the 100K mark is upper Middle class in Hoboken WI. In Hoboken NJ, however, you may need to be closer to 200K. That would explain the hug gap between 100-350K. You cant "one size fits all" when talking about incomes. 
Keep going...

 
My wife and i fall into the 100-150 area and it feels upper middle class to me. We have a nice house, lease nice new cars, go on multiple vacations every year, eat/drink out regularly. I have large TVs with 200 channels and high speed internet for the 7 different devices I own that can connect to it.  I was able to pay for my masters degree im without borrowing. Michigan has a reasonable cost of living and I don't have kids. But think about all the things we own and pay for that many of our parents didn't. Cable, multiple cars, Internet, multiple TVs, iPads, computers, etc. 
I have 4 kids so I feel kind of poor at times but then I remember I make more than 95% of folks and have all the things you mentioned (except I drive paid off, crap cars) - I consider myself rich from a lifestyle standpoint.  I'm still not sure I get what this thread is about.

 
This report wants folks who make $35,000-$40,000 a year to turn on their co-workers making $60k
I don't think the problem is the report. I think the problem is how little you think of human beings. If you think people will physically turn on each other due to an article on CNN, well.....

 
Where you live plays such a huge part in all of this. Making X amount of money in NYC and comparing that same X amount of money to living in Wichita. Kansas, would give you much different results in terms of buying power. Solely looking at income is very misleading. 
Damn - tell the IRS that!

 
So, someone can make 4 times the bottom number and still be grouped with them?  That seems crazy.  Ask anyone making $50,000 if they think they belong in a group making $200,000.  I bet I know what kind of reaction you will get.
I would double the size of the brackets as they go up:

$50k - $100k

$100k - $200k

$200k - $400k

 
Front page of WSJ

"...suggesting that the discussion of a growing income divide involves more than just the top 1%."

@Ministry of Pain, please comment
I was going to make this very point (though I have not seen the WSJ).

When I read the OP it seems to take a lot of the starch out of the "top 1%" claims and argument. It sounds like the country is growing wealthier across the board and we have more people doing "well" than ever before and it sounds like this has been true and consistent across the administrations since Carter.

 
Thanks for the info and link. They say the middle class grew but they are not being honest about the numbers. And going back to 1979, let's factor inflation into things and see what the true numbers are. The American worker hasn't gotten much of a raise when you go back all the way to the 1970s.

$50k teacher + $50k gov't employee = Upper Middle Class citizen, keep telling yourselves that.  
Did you actually read the article you're so enraged about?

"It's not surprising that the report shows a nation that is moving up the economic ladder. That's because the institute held fixed the income ranges needed to be in a class, adjusting only for inflation. Over time, wages have grown faster than inflation. In 1979, the upper middle class would have brought in between $36,500 and $127,700 a year."

 
At a guess, I'd say he's worried that (for a simplification) if a tax goes into play stating anyone in the $100k-350k group gets taxed at "x" rate, it's something much more hard-hitting (and unfair) to the $100k-150k group than those from $150k-350k.
That's not bad although very limited in scope but surely it factors in. 

 
Did you actually read the article you're so enraged about?

"It's not surprising that the report shows a nation that is moving up the economic ladder. That's because the institute held fixed the income ranges needed to be in a class, adjusting only for inflation. Over time, wages have grown faster than inflation. In 1979, the upper middle class would have brought in between $36,500 and $127,700 a year."
Total Lie!!!

Inequality For All, the bible for the working man/woman in this country. 

 

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