'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap
'An economic divide that is widening': Almost one third of Americans earning $150,000 a year or more say they're living paycheck to paycheck and many rely on credit cards to close the gap
Some say they won’t be able to pay off their credit cards by the end of the year.
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Welcome to the jungle fellas. How’s that trickle down working for you now?
A lot of, if not most, folks in that income bracket vote democrat and hate republicans. These are tech folks who voted for Bernie. It isn't until you add another couple of zeros that you find the people funding the Republican party. 150k isn't elite, it's literally just barely middle class in any major city.
No, at that income level these people tend to vote Republican.
I linked to the data showing that in here yesterday if you want to go back it up, unlike your bogus claim.
So are you stereotyping democrats as poor and republicans as rich? And only republicans tout trickledown? Oh, and if you voted for any trickledown policies, you have to be a rich elite? Please. Saying six digits is middle class is elite speech. Maybe in tech hubs like California and Washington, but in the REST of America, 6 digits is still upper class. Or at the least upper echelon of middle.
Personally I know many people in that “bracket” and lower that DO give to the GOP and vote for them too. They even vote for trickledown policies because they believe they are rich and they will benefit. I’d love to see some statistics on your claim that a lot if not most people in the middle class vote blue.
And other thing, there is a metric fuckton of blue and white collar work out there that makes six digits. Not everyone that makes that much is in the tech sector.
Consider what that income will get you. Ignore the actual numbers. There's also a very big variable on lifestyle- dual income no kids is very different from a single breadwinner with 8 kids.
I am in a fairly big city in the Midwest (you've heard of it, but you would never think of it unprompted). $150k/year (household) would buy a medium-large single family home (2000 square feet, 3 or 4 bedrooms) in a good (but not exclusive) area, a pair of decent cars (well equipped new Honda Accord or similar, trading in after 5 years), retirement around age 65. Any kids would attend a good public school, or possibly a very inexpensive religious school. You would have yearly vacations, but it would be mostly domestic. Road trips to the grand canyon, Disney world, etc.
Does that describe upper class?
I live in a capital of a southern state, no more than 30 minutes outside city limits $150000 a year will get you several acres, 2500+ square foot house, multiple cars, trucks, ATVs, boats and all the goodies to go with them. Three weeks of vacation a year, with a hunting cabin in the mountains.
Does that describe middle class?
Location does matter. Both ways.
Oh absolutely. My point was that it being a middle class lifestyle is the norm, not the exception.
Understood, my point being classes are created by the .01% and have no meaning, we are all “lower class” unless you can buy a government representative.