Who is the middle class?? a great article

Democrats have been relentless in recent weeks, insisting they are on a mission to help the ailing American middle class.

"The middle class is being squeezed - squeezed," said incoming Senate Majority Leader Harry Reid, D-Nev.

Along with Iraq, the problems of the middle class were central to the election," said Rep. Rosa L. DeLauro, D-3rd District. "We heard from people who deal with this day in and day out. Their problems are palpable."

Wait a minute, say conservatives.

The economy has been growing since November 2001. Unemployment last month dropped to 4.4 percent, a five-year low.

Most middle-class people today have cellphones, fast Internet access, DVD players and more than one car. "Most Americans now enjoy luxuries that in the past only the well-off could afford," said James Sherk, policy analyst at the Heritage Foundation's Center for Data Analysis.

"Almost all Americans have better health, education, housing and consumer goods than they did even a decade ago," he said.


Just who is a member of the middle class?

That's easy, said Rep. John B. Larson, D-1st District. "I define it by the people I meet at Augie and Ray's," he said, a restaurant in East Hartford that's popular with skilled blue-collar workers from the adjacent Pratt & Whitney jet-engine plant.

More analytical commentators have differed for years on how to measure the middle class. Should net worth be the yardstick? If so, the Federal Reserve says, people in the middle would have a median family net worth - assets minus liabilities - of a healthy $93,100 in 2004, up from $70,800 in 1995.

Or should the measurement be median household income? By that measure, the midpoint was $46,326 last year, according to the Census Bureau. But median income varies widely by region, age and racial groups.

The median for New Jersey, Connecticut and Maryland, for instance, was estimated to be nearly twice as high as that of Mississippi and West Virginia.

http://www.courant.com/news/politic...27,0,1998469.story?coll=hc-headlines-politics


So it can be argued that chap is loaded, but they would like you to think that they are "middle class" with their incomes well over 93,000 dollars....

James Shirk fails to note that while once offered luxurys of high price, once they become obsolete the price comes down... So that way po' dems can afford them... Cell phones used to be big and bulky but now they are made in China for pennies...

on a second note, i don't see how the dems proposal of raising the min wage, or reducing college loan rates really help the middle class... none of their initiatives help me at all... Cutting taxes would best help the middle class in my opinion and it would help all of the middle class... Rasing the minimum wage most likely helps the poor and those who don't pay any taxes period.
 
I say I'm lower middle class. You should see the tiny $hitholes that I can afford as a house.
 
I say I'm lower middle class. You should see the tiny $hitholes that I can afford as a house.

I have a lot less home than I can afford. Well actually none at the moment, buying in a month or so when my divorce is final. Already have the home located and a handshake deal so far.
Anyway I am getting more house than I actually need but far less than I can afford. I like having money in the bank or working for me somewhere :)
I hate debts.
 
And Rob, remember you are just starting out. It took me nearly 40 years to get the pay I am getting.
But then I don't have a degree....
 
I hate tiny apartments.
Then don't live in expensive cities ?
I am getting a ~1000 sq ft brick veneer ranch style house with nice detached 24X32 workshop and 5 acres for 70K. And no HOA or Zoning issues :D
A bit under typical market value but not too far under.
My budget (if the job holds out) has me having it paid for and clear title in a bit over 4 years.
 
Well you are at a bit of a disadvantage compared to the majority of the people on that issue I guess. Just keep working on it, or not. I have found that just going on with your life and career and the relationship part seems to happen much easier than if you are looking. Just keep you eyes open.
 
Then don't live in expensive cities ?
I am getting a ~1000 sq ft brick veneer ranch style house with nice detached 24X32 workshop and 5 acres for 70K. And no HOA or Zoning issues :D
A....

:321:

Just so you know, people in my area really don't like to hear about stuff like that. And if you'd like to keep it that way, I'd suggest you that sort of bragging to yourself. One of these days we'll all read about it go, "man that sounds like a great idea.....lets go" and then you'll get to sit on 5 lane highways for a half an hour and go a total of 10 miles. Good times.:tongout:
 
I belive there are several "someones" for everyone. I have been in Love before, very powerfull love... but it was not the right time in our lives for a life together.

I now love my wife VERY much. I am so happy to be with her. We met at the perfect time for a life together. I am glad it worked out like it has!
 
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