Romney says Middle Income is $200,000-$250,000 a year (user search)
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  Romney says Middle Income is $200,000-$250,000 a year (search mode)
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Author Topic: Romney says Middle Income is $200,000-$250,000 a year  (Read 5064 times)
Indy Texas
independentTX
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« on: September 14, 2012, 07:17:15 PM »

I think we can generally assume a given American household will have either one or two income earners (single person; or married couple where both work; or breadwinner and SAHM/SAHD).

$250K a year would entail a breadwinner who makes $250K (a reasonably successful orthodontist, perhaps) or two people averaging $125K each (perhaps as an associate at a good law firm; a management consultant; an engineer). They wouldn't be considered wealthy, but these are not the kind of jobs everyday people have.

The number of dependents you have is irrelevant. Someone raising five kids on $250K may have to live a middle class lifestyle because they opted to breed like rabbits, but they are not middle class income-wise.
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Indy Texas
independentTX
Atlas Icon
*****
Posts: 12,269
United States


Political Matrix
E: 0.52, S: -3.48

« Reply #1 on: September 14, 2012, 07:18:21 PM »

$200-$250k OR LESS FOR HOUSEHOLD is considered middle income, stop twisting the words around.
a household making 250K is not middle class, unless they have 4 or more dependents.
What if there were 4 people living in a household?  $50k-$75k annually is considered middle income.

No, it's not.  The median family brings in $50,000 a year, and  if you divided it by 4 (assuming there are 2 parents and 2 children) that would be $12,500 per. capita.  Thus, $50k-$75k is actually high.  
I'm saying if there were 4 adults living in a household and each one made $50k-$75k a year, that's still considered middle income.  What if they wanted to all live in the same house for whatever reason?

That is highly atypical. We're talking about real American families, not the cast of Jersey Shore.
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