What you need to be middle class Posted bydatingjesus April 7, 2015April 5, 2015 11 Comments on What you need to be middle class Check this out. Can you find your state? Did you make it? Share this:TwitterFacebookLike this:Like Loading... Published by datingjesus Just another one of God's children. View more posts
Defining a middle class based on individual income alone can be deceiving. Other factors play important roles, especially in America:
–household size and combined incomes
–wealth…assets versus liabilities…debt and the ability to grow personal/household savings
–consumption…including the amount of discretionary spending left after mandatory spending, (including taxes)
–region…a larger scale than State boundaries which, as we’ve seen, provides a clearer picture of income/wealth distribution…especially when considering➘
–poverty…Any discussion on middle class perception must include measuring poverty in both absolute terms, (like here), and relative terms which includes income/wealth inequality metrics, (like the Gini coefficient and Theil Index). It’s not just money that defines middle class or poverty. It’s what that money can buy…or not buy. What Americans like to call affordability.
Defining middle class based on income alone is like measuring poverty only in absolutist terms. It’s not a complete picture.
Can you accept that I just like charts? No. Just kidding. I often post things like this that don’t tell the whole picture, but my hope is that it will at least get or keep the conversation going. But you’re right. Now leave me alone.
When you invite conversation, the reply might not always match your expectations.
But…yeah…I can do that.
Oh, shut up. I was kidding. Don’t leave me alone or I shall travel to your home and say bad words to you.
I can do that, too.
Alright. Now you’re just aching for a breakin’.
I am incorrigible this morning. Unusual for a Tuesday.
Okay! I can definitely do that.
Tee-hee. Don’t scare me like that.
Leave a comment