What is Middle Class?

[saden1]

Originally Posted by BDBohnzie

I wouldn't even go as far as putting a monetary value on it. I would consider middle class as a person/couple/family that are able to live fairly comfortably on their current salary, without having to live beyond their means. A little debt is ok, but not to the point where one or two more falls and the only means to get out is to declare bankruptcy.

But there are so many things to consider when defining a "middle class". Does it divide into 3 sectors (Lower, Middle, Upper)? Do you include the working class? Do you use a salary to define it? Can you live paycheck to paycheck and still be considered Middle Class?

Excellent point. I mean you have lots of couples who have combined income of 200K but lots of expenses (expensive homes, cars, edu. loans, kids, etc). Look a the SF bay area, it's almost impossible to survive with less than 100K in salary.