colfax_m
Diamond Member
- Nov 18, 2019
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I
suit yourself.
A statistically more useful framing would be to categorize by quintile of income rather than come up with arbitrary levels.
Then it is impossible for us to continue this discussion.In my example is that family middle class or rich by your operational definition?Taking risks is easier when you’re parents are wealthy. Going to expensive colleges is easier when you aren’t worried about loans. Public schools are better when the property values are high.
Not exactly. Being born to rich parents matters more than anything else. And it matters more now than it has in a very long time. I don’t like it. Not one bit. But it’s true.
Do you define Middle Class as rich? Let's say combined AGI of $200K living in a suburb in CT?
Who cares? Middle class is such a loaded term and it’s practically meaningless. You can define it however you want.
I told you. I don’t have an operational definition. I don’t think it’s a useful concept.
suit yourself.
A statistically more useful framing would be to categorize by quintile of income rather than come up with arbitrary levels.