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The article is calling people who make between $100k to $150k a year wealthy.
It’s barely middle class for most places now.
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I’m in the income bracket described here (certainly not “wealthy”) and while I wouldn’t say i am struggling, I have had to cut down on some extraneous spending. Nothing like what most people are facing though.
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Sorry, I absolutely did not mean to minimize the struggles of anyone else. So much of our situations are dependent on factors that just can’t broadly apply across such a broadly defined demographic.
Two observations:
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As others pointed out, there are an awful lot of people who live in places where $100-150k is not close to wealthy. A small number of large, expensive cities has a giant percentage of the population.
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How is anyone surprised that when inflation stays up for a while, people find it hard to maintain their standard of living. When you compare the person making $150k to the person making $100k, it doesn’t mean that they’re pocketing $50k every year, it means that they’re likely renting a more expensive place or paying on a more expensive car. They’re likely both just living within their means and, of you make everything in life cost more, both are going to have a hard time paying their bills. It’s not until you get to people who are making more than they can spend that that changes.
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What a joke of a headline. That’s not what making ends meet means. They are wealthy, by definition they can afford to make ends meet.
If they’re struggling to male ends meet then they aren’t wealthy, are they?
Time to move the goalposts along for what’s defined as ‘wealthy’
Income needed to be considered middle class in each state from Zippia report.
Hawaii $122,695 California $111,206 Massachusetts $85,567 Colorado $81,602 Washington $81,203 New York $75,403 Oregon $74,865 New Jersey $74,485 Maryland $71,844 Utah $71,034 Nevada $70,752 Virginia $67,197 Alaska $63,873 Connecticut $63,375 New Hampshire $62,890 Rhode Island $62,691 Arizona $61,699 Delaware $60,015 Montana $59,496 Minnesota $58,903 Idaho $58,866 Florida $58,833 Texas $55,605 Vermont $55,371 Wyoming $54,849 Georgia $54,213 Illinois $53,961 North Dakota $52,935 Maine $51,608 Pennsylvania $51,346 North Carolina $51,144 Tennessee $50,629 Wisconsin $50,062 Louisiana $49,587 South Carolina $49,110 New Mexico $48,602 South Dakota $48,258 Michigan $47,044 Nebraska $46,906 Missouri $46,649 Kansas $46,485 Alabama $45,559 Oklahoma $44,008 Iowa $43,997 Ohio $43,949 Kentucky $43,747 Indiana $43,310 Mississippi $41,839 West Virginia $41,649 Arkansas $40,928
What kind of bullshit numbers are these? I live Arkansas. If you make $40,928 and live here, you are poor. Not even close to “middle class.”
The parts of the state(s) where nobody lives are driving down the number. For Missouri that number is accurate if you live 3 hours from any city with more than one zip code.
Is this household or individual income? Either way, whack
In Louisiana I make twice that amount. I’m barely middle class.
That’s on you. Probably time to look into your spending.
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It’s just an average. Same reason why $111k won’t get you a house in San Fran, LA, or San Diego even though that’s the average middle class salary for CA. There are lots of rural areas that bring that average down.
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A frustratingly empty article. Why are they struggling to “make ends meet”? What ends? If it’s housing, this is a housing story. If it’s high auto loan debt, that’s a mother matter. If it’s not housing and it’s accrued consumer debt, that’s a different matter.
They never say, so there isn’t much to conclude from this piece.
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Yeah people tend to spend what they make. Larger incomes are spent on bigger houses and nicer cars. But larger incomes have more wiggle room to cut back and afford the basics if they have to.
No they aren’t. Clickbait
