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Comment on People who say 'the rich get richer, the lazy live for free, and the middle class pays for it all' don't realize how expensive it is to be rich and how close middle class is to being below the poverty line.

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L7HM77@sh.itjust.works ⁨2⁩ ⁨days⁩ ago

If we guesstimate middle class by comparable lifestyle when the term was coined, it starts around 250k in today money. Comfortable house, lots of kids, multiple cars (but not luxury), at least one real traveling vacation every year, never worrying about paying bills or buying food, all while saving enough to retire by 55. There aren’t many people in the US with the income to match that. I’d say the middle class is dead.

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WALLACE@feddit.uk ⁨1⁩ ⁨day⁩ ago
I always take the middle class as the threshold where you have sufficient passive income to afford a dignified lifestyle without needing to work anymore but may choose to.

Examples would be landlords with a decent portfolio, business owners where all the work is done for them, and people with substantial savings and investments.

If you have to work to pay the bills, no matter how much you’re on, you’re working class.

If you’re so rich that you no longer need to care about the value of money then you are upper class.

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- GuyLivingHere@lemmy.ca ⁨1⁩ ⁨day⁩ ago
  “I always take the middle class as the threshold where you have sufficient passive income … Examples would be landlords”
  
  Please don’t bring parasites into this
  
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NatakuNox@lemmy.world ⁨2⁩ ⁨days⁩ ago
That’s a lot of caveats.

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