Romney Thinks 250K Is "Middle Class"

Discussion in 'Politics' started by Polk, Sep 14, 2012.

  1. Polk
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    Polk Classic

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    At the point where people are the very top of the income distribution are considered "middle class", either you're way out of touch or the word "middle" has been stretched so far as to be meaningless.
     
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  2. Truthmatters
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    He has NO idea what most Americans have lived like all his life
     
  3. Oddball
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    The way it's going with Baghdad Ben's complete incompetence, $250K won't buy you a hot dog and a beer at the ball game.
     
  4. Polk
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    Polk Classic

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    The gold chorus has been warning about runaway inflation for five years now, and yet we're still not pushing wheelbarrows to the supermarket to buy bread. In fact, inflation has been below the target rate.
     
  5. Full-Auto
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    As a class warfare specialist..

    Why havent you broken down the middle.....Low, middle and upper middle......
     
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  6. Katzndogz
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    Katzndogz Diamond Member

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    Depending on where you live $250k is middle class, but not upper middle class. When I hear of $250k a year describing middle class, I think of someplace like Kansas.
     
  7. 8537
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    As a general rule, I think this is a good place to abuse the 80:20 rule. Call incomes from the 20th percentile to the 80th percentile middle class. As of 2009, that was about 20,000 household income to about 100,000 household income.

    Just a starting point. 250K of income doesn't put you in the super-rich but it should put you above worrying about meeting basic needs or making it to the next check.
     
    Last edited: Sep 14, 2012
  8. CrusaderFrank
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    It depends on where you live.
     
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  9. Zander
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    Zander Platinum Member

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    Romney is right. It may be the upper range of what is considered "middle class" but it still is. Especially if you live in Los Angeles, San Franciso, New York, Boston, Chicago, Miami, etc......It may be considered a "rich" income in Omaha.....
     
  10. Mr Clean
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    Long Island has one of the highest costs of living in the country.

    If you're knocking down $250K a year here, you doing quite well.
     

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