Money Debate: Is 400 K per year considered middle class income by today's standards?
- Thread starter playahaitian
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I just do not believe that a mother's life and/ or comfort should mean the forfeiture of a child's life. This is where any similarities with right wingers end. Why? Because I also 100% whole-heartedly believe that pro-life doesn't stop when the child is born. Pro-life needs to mean the positive promotion of life for the entire life of that and other children. We cannot ask women to have children, especially those they may not want without investing in the care and development of these children.
U didn’t use the word fetus
You are correct, I did not.
Reading some of the comments got me laughing my azz off but the whole class thing was made for people with money aka Rich people to feel that they have power and are better then others. They change the bar every year to fit their needs and call it the cost of living increase which minimum wage should adjust with but didn't it took years for it to finally happen but not by much. People are priced out of alot of basic thing on purpose home ownership is number one on that list. My family in NYC can a test to this cause a Brooklyn Brownstone that my family has owned since around the 70s is a million dollar listing now. Me and my wife combined income hit 120k last year we live modestly and always have that's how I was raised. A lot of kats problem period is living way above their means (keeping up with the Jones mentality).
Here's how much you should spend on food and rent if you make $50,000 per year
CNBC crunched the numbers, and we can give you an idea of what your food and housing budget should look like if you make $50,000 per year.
I remember this thread. Lol!!
This is the infamous, "being in the top 1.8% of all people in the country doesn't mean you are rich" thread. Lol!!
BGOL Millionaires. Lol!!
This is the infamous, "being in the top 1.8% of all people in the country doesn't mean you are rich" thread. Lol!!
BGOL Millionaires. Lol!!
400k is minimum wage for the average bgoler.
The thread where Tito tried to argue with the english language and definition thread.. bgol delusional
Depends on where you live, but since most of America is rural America, 400K in household income would be upper middle class in most of America. Middle class in most metro areas, especially in the South and Midwest.
400k in certain places is like making $7 an hour.It’s upper middle-class ANYWHERE dude!
400K....It’s upper middle-class ANYWHERE dude!
It's the top 1.8% in the US and top 5% of the world.
Interpret that as you wish.
How a person chooses to spend their 400k is another story. But when you earn more than 98% of the country......
Nevermind.
I’m not disagreeing with you. I regard it as straight-up upper-class actually and that is statistically supported, as you’ve shown.
According to Pew:
The excepted definition of upper class is as follows:
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
I think BGOL millionaires have no real idea how most of the US and the world really lives.
The median wage, not household income, but wage, for 2021 was $45,760. Over half the country earned less than $46K. If yall think that 400K is minimum wage, then what is $46K?
| INCOME GROUP | INCOME |
| Low income | Less than $52,200 |
| Middle income | $52,200 - $156,600 |
| Upper income | More than $156,60 |
An upper class income is usually considered at least 50% higher than the median household income. Therefore, an upper class income in America is $100,000 and higher.
I think BGOL millionaires have no real idea how most of the US and the world really lives.
The median wage, not household income, but wage, for 2021 was $45,760. Over half the country earned less than $46K. If yall think that 400K is minimum wage, then what is $46K?
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They do, but feel the need to lie and front for some reason. It’s also why any discussion about Black wealth, the racial wealth gap, and reparations get derailed.
Some of these cats were out of their minds in the responses... from my perspective, its about what amount of money do you need to be comfortable? I made just under $200K last yr, with a wife and 2 babies (so you know daycare is kicking my ass) in Jersey. I dont feel comfortable at all... at $300k would i feel much more safe and secure? Absolutely
I haven't crunched the numbers but 400k might be my monthly grocery bill.
Preach
Add a poll.
I’m curious to know what percentage of board members make more than 400k per year.
Or how many people they personally know and have daily relationships with that make 400k plus a year.
Btw: That also know them…
I’m curious to know what percentage of board members make more than 400k per year.
Or how many people they personally know and have daily relationships with that make 400k plus a year. Btw: That also know them…
LOL where do you live..?
Does your wife work?
Add a poll.
I’m curious to know what percentage of board members make more than 400k per year.
Btw: That also know them…
And we know the responses to that poll won't be accurate!
With inflation and taxes that 400k will look like 100k before long.
imagine what 40k would look like
What you'll get is my boss, or my boy who knows a dude, that knows a dude..who's great uncle on his mother's side second cousin wife's nephew, etc..... makes 400k and he's just keeping his head above water because it hard out here for mutherfuckers making just 400k.Add a poll.
I’m curious to know what percentage of board members make more than 400k per year.
Btw: That also know them…
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I was reading this shot like who actually think 400K is chump change?
yall some Lying ass muffuckas….
not gonna debate whether or not 400K meets the IRS threshold of “rich” but you same sure ain’t “just getting by” unless you fucked your credit up early and are routine bad with money management.
yall some Lying ass muffuckas….
not gonna debate whether or not 400K meets the IRS threshold of “rich” but you same sure ain’t “just getting by” unless you fucked your credit up early and are routine bad with money management.
400k? In Ga? Idgaf if you do have kids, you’re rich rich. Swaggy Rich! If you got tons of debt you upside down but that goes a long way in the South, hell I’d say in the US. Mfs tripping.
Who on this board said 400 k is chump change? Absolutely nobody.. everybody pretty much said you living good off that.. what became an argument is does it mean that you’re rich.. than the term was looked up as far as irs goes and saw that 400,000 wasn’t considered rich( 478,000 and up was considered that).. some individuals got mad and tried to go against the specialist which is the irs and say they were right and the irs was wrong..than people created their own terms..the 1.8 percenters and comedy started
my Point exactly. BGOL Resident yacht club tryna front on the peasants.
anybody at that gross income point is far from middle class regardless of location.
Once again nobody on here said 400 k is broke so why are people acting like that was said.
$400k is well past middle class and a very comfortable living in every city in America. $400k in the burbs with money management is rich people life styles. Hell in reality if you made $80k, and spent money wisely you could live a lavish life. The key is not to live beyond your means. Before I made it into the 6fig ranges, I lived well in the 5figs, bought a condo, and a house.. I still live off, that is spend the same amount of money now, as I did when I was making 5fig bread. Everything extra, goes to my investments and slush/extra curricular activity fund
naaa i was reading this thread kinda feeling the same thing
people think 400 is just scraping by LOL