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View Diary: Since up to $450,000 a year is middle class ... (333 comments)

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  •  If you need to bring in a paycheck (14+ / 0-)

    from actual work, you're working class.  Maybe not middle class, but working class.

    If you can haul in $450,000 from investments without working, you're rich.  Hell, I would argue that a person who can make $100,000 a year from investments alone is richer than a doctor or lawyer who makes $450,000 a year but is still paying off student loans.

    You wanna f*%^ with Big Bird? You gotta come through me.

    by DaveV on Sat Jan 05, 2013 at 08:46:31 AM PST

    •  This is true. (2+ / 0-)
      Recommended by:
      tardis10, blugrlnrdst

      My husband and I bring in about 100,000 before taxes.  And we have two houses.  You think we would be considered rich, right?  Well, my mom lives in one of those houses and I support her 100%. She gets about 500.00 in SS and that's it.  She is 70 and cannot work, so right there goes about 1200.00 a month for her housing, utilities and food.  She had no retirement.  I have two daughters that went to university and I have student loans from them.  We have insurance for our houses, property taxes, maintenance payments.  I am happy to pay taxes, don't get me wrong, and I am happy to have a good job.  But two households depend on me as the principal breadwinner, and so I am maxed out on insurance for myself as well, because if anything ever happens to me, I need to make sure that people are taken care of.  
      My point is that people that seem to make a lot of money sometimes are not as wealthy as they might appear to be...

      "Those who can make you believe in absurdities can make you commit atrocities."

      by dancerat on Sat Jan 05, 2013 at 12:53:54 PM PST

      [ Parent ]

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