(Closed) Rich or Poor spin off: CNN middle class calculator

posted 4 years ago in Money
  • poll: Is this accurate?
    I think I'm middle class, and this calculator seems to think so : (116 votes)
    48 %
    I think I'm poor, but this says I'm middle class : (15 votes)
    6 %
    I think I'm rich, but this says I'm middle class : (2 votes)
    1 %
    I think I'm middle class, but this says i'm rich : (61 votes)
    25 %
    I think I'm middle class, but this says I'm poor : (14 votes)
    6 %
    I'm think I'm poor, and this agrees : (14 votes)
    6 %
    I'm think I'm rich, and this agrees : (19 votes)
    8 %
    Some other combo I didn't think of? : (3 votes)
    1 %
  • Post # 2
    Member
    1941 posts
    Buzzing bee
    • Wedding: May 2018 - City, State

    WOW! That’s pretty cool. Apparently I’m “middle class” with my salary. My parents salaries make them wayyy out of the middle class range, which I knew it would. How interesting! 

    Post # 3
    Member
    9818 posts
    Buzzing Beekeeper
    • Wedding: September 2013

    pinkshoes:  

    thanks, I saw that thread but was wondering what the basis was for poor, rich, middle class. Interesting.

    I voted middle class and I had to guesstimate my parents incomes (I know what they are now, but do I know what they were when I was 7? no just a guess). Growing up we were either upper middle class at the lowest or apparently rich for our county. I would never have thought we were rich though. I had everything I needed and a decent house but it certainly was not in the rich area of town and we never took vacations other than driving to see relatives! Aw well, my county I grew up in is probably poor compared to the richer areas of the US. I still wouldn’t classify my parents as rich, we just live in the midwest and if you’re not in a major city COL is CHEAP. Doesn’t mean you can afford to jet away on luxurious vacations elsewhere

    And now that I am in the richest county in my state (still midwest though) I am middle class 

    Post # 4
    Member
    376 posts
    Helper bee
    • Wedding: April 2015

    I got middle class based on the CNN calc. It’s also interesting to play around with my income and different counties in the US to see the differences.

    I do want to point out about the original post (not this spinoff) on middle class was “how you grew up” – and unfortunately there isn’t a calculator for that. I know that my parents were likely lower middle class but lived way below their means so it felt like we were “poor” but that was in the 90s.

     

    Post # 5
    Member
    272 posts
    Helper bee
    • Wedding: August 2015

    Mine was actually true! Fiance and I are both considered middle class for our home state and where we live right now. 

    Post # 6
    Member
    9818 posts
    Buzzing Beekeeper
    • Wedding: September 2013

    Oh, and half the time I think I’m poor

    Post # 7
    Member
    760 posts
    Busy bee

    I live comfortably. I didn’t think I was poor, but it says I am. HAHA Oh CNN…

    Post # 8
    Member
    354 posts
    Helper bee
    • Wedding: April 2016

    I’m middle class bc of my income, but since my student loan debt is more than my income, I definitely feel poor 😛

    Post # 9
    Member
    1299 posts
    Bumble bee
    • Wedding: August 2015

    So interesting! We’re at the lower end of middle class for our location, which is basically what I thought.  I put it in for my parents, but it’s weird because their county has a large range of income. They’re well above the middle class range for their county, but in their actual city (or even theirs plus the 3 or 4 surrounding) I would imagine they’re solidly in the middle, especially with sky-high property taxes.

    Post # 10
    Member
    471 posts
    Helper bee
    • Wedding: October 2015 - Drury Lane Oakbrook

     

    pinkshoes:  I thought I was and this said I was, so no surprise there.  What surprised me was the range for middle class in my area- $36K- $107K.  People throw around the term “middle class” as a generalization, but there are such diverse needs within that group.

    Post # 11
    Member
    9544 posts
    Buzzing Beekeeper
    • Wedding: August 2013

    Am I supposed to use just my salary or our combined household salary?

    Post # 12
    Member
    1157 posts
    Bumble bee
    • Wedding: September 2014

    pinkshoes:  Is it supposed to be household income? Or just my income?

    Just my income says I’m in the middle of middle class. Darling Husband and I make about the same. Our combined income is well outside of middle class on that scale.

    Compared to how I grew up and our disposable income, I think that is right. We can’t afford to buy a jet or anything, but we go out to dinner, on vacations, buy new “toys” (i.e. cars, dirt bikes, riding lawn mower, etc.) without much concern. I wouldn’t call it rich, but I’m not blind to the fact that our combined income is well over what most households’ in our area is.

    Post # 13
    Member
    8099 posts
    Bumble Beekeeper

    pinkshoes:  cool calculator! I appreciate that it takes your location into account too. I’m upper middle class for Boston (like I thought) but I played around with the location and I’d be rich in most other places I’ve tried so far. 

    Post # 14
    Member
    1261 posts
    Bumble bee
    • Wedding: October 2014

    I got above middle class and assumed I would be in the middle. I don’t think it’s a necessarily a good representation as my county is pretty sprawling. I know if I would use my salary alone as a teacher I would fall close to below middle class. 

    Post # 15
    Member
    1576 posts
    Bumble bee
    • Wedding: August 2013

    I feel like this thing put me & Darling Husband exactly where we belong. Which is nice for once since our combined incomes sound rich to many people in different parts of the country. But here in NJ – we’re doing just a little better than average.

    That’s why I hate those “we’re gonna tax the rich” laws that then define rich as 150k. If I’m reading the chart right, 150k doesn’t even get you out of middle class in my area. The top of the middle class range was 153k.

    The topic ‘Rich or Poor spin off: CNN middle class calculator’ is closed to new replies.

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