LogFAQs > #979611626

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Topicwhat even is Middle Class anyway? like i genuinely dont know
streamofthesky
03/28/24 3:49:21 PM
#11:


Basically:

  • "Own" a home (usually via mortgate, unless you're old and paid it off)
  • Salary ~ 3x or more the poverty level (what that is varies depending on if you're single, married, or a family), but still below the top 5% of income
  • Have health care coverage
  • Have some sort of retirement plan besides social security (pension, 401K, IRA, something...)
  • Have at least 2 months of emergency savings in the bank


I don't know, I'd define it like that. You could add a bunch of implied societal stuff like being a nuclear family or going on vacation annually, but I tried to limit it to just economic situation stuff.
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