Even wealthy Americans are struggling to make ends meet

return2ozma@lemmy.world to News@lemmy.world – 47 points –
Even wealthy Americans are struggling to make ends meet | CNN Business
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it puts you into about 60-80% of the american households.

middle class by default would be 40-60%

"It's barely middle class for most places now." is hyperbolic

That assumes a normal distribution. Wealth/income is not. An excellent resource is: Social Stratification in the United States: The American Profile Poster of Who Owns What, Who Makes How Much, and Who Works Where https://a.co/d/09LVTyYi

"middle class" then has no meaning...

there are wage slaves and owners. i don't need a book to see that, i live it.

What's the definition of middle class in the US?

whatever a person thinks it is haha

however, if we rely on something about more concrete than feelz like stats, it would be the middle of the population

If you relied on stats you'd see it's $50-$150k a year so what I'm saying isn't even hyperbole.

between $100k to $150k a year wealthy.

It's barely middle class for most places now.

This was the original statement....

50-100k covers about 38% to 63%

this is the middle.

100-150k: 63%-79%

See Distribution of household income in 2022 according to US Census data

https://en.wikipedia.org/wiki/Household_income_in_the_United_States

Expanding lower bound to 50k does indeed appear to cover the "middle class" but income above 100k is hardly "barely middle class" from statistical point of view.

The definition of middle class in the US is $50k - $150k based on the last census.

Hence why I said and continue to repeat that $100k - $150k is not wealthy but barely middle class.

I'm not sure what or why you are arguing here.

I don't think your definition of middle class is what most people use when they talk about it.

This is really obvious if you think about people remarking on the death of the middle class. They're not saying that the mean or the median doesn't exist. They are saying that families like the Simpsons are much less common than they used to be.

They are saying that families like the Simpsons are much less common than they used to be

The fact that you are using a reference to corporate media to make your point gave me a chuckle lol

This shit is weaved so deep into social fabric, we are fucked.