I get that...but a lot of folks are living beyond their means. We as a race need to do better. I run across more black people more concerned with the latest iphone/Jordans than a 401k or IRA.
Yeah...in the backwoods of Alabama.
If you have 7 kids and you make $28k before taxes...what kind of life are you living??
no in the US, miss high and mighty.
http://money.usnews.com/money/perso.../04/24/what-it-means-to-be-middle-class-today
There is no universally recognized definition of middle class. There are federal poverty level guidelines, so if you happen to wonder if you're poor, you can consult the Department of Health & Human Services (not that you likely need guidelines to tell you if you're poor). But after that, you're on your own to decide if you're lower middle class, middle class, upper middle class or in the fabulously wealthy territory. But to get us started thinking about financial status, a U.S. household with four people living off $23,850 or less is considered poor. (Hawaii and Alaska, with higher costs of living, have different guidelines.)
One helpful yardstick to judge whether you're middle class: Median household income was $51,017 in 2012, according to the most recent U.S. census data.
Robert Reich, a professor of Public Policy at the University of California-Berkeley and former Secretary of Labor, has suggested the middle class be defined as households making 50 percent higher and lower than the median, which would mean the average middle class annual income is $25,500 to $76,500.
If you're in the middle of the middle, however – not lower or upper-middle class – that would be an income range between $39,764 and $64,582, says Aaron Pacitti, an assistant professor of economics at Siena College in Loudonville, N.Y.
Again, it isn't official. Nobody gets a membership card to the middle class.