(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 # 16
    Member
    1727 posts
    Bumble bee
    • Wedding: March 2014

    I’ve always thought we were middle class but in our area I guess we are upper class. That is very interesting! 

    Post # 17
    Member
    889 posts
    Busy bee
    • Wedding: September 2016

    Interesting. I think of myself as ‘middle class’ and this calculator agrees. 

    Post # 18
    Member
    358 posts
    Helper bee

    Haha, I think I’m poor and this agrees! One day we will move up the ladder to middle class! haha

    Post # 19
    Member
    8063 posts
    Bumble Beekeeper

    koi424:  exactly! Rich needs to be defined by location. You need $165k to get out of the middle class in my county. That may sound like a lot of money if you live in an area with houses costing $185k, but when the average single family home costs half a million it’s a different story…

    Post # 20
    Member
    1462 posts
    Bumble bee
    • Wedding: March 2015

    pinkshoes:  We feel middle class but the calculator says that we’re rich.

    koi424:  I’m also in NJ, probably the same county as you? And I think the calculator should have gone up to $200k for middle class! Your money doesn’t go that far here, unless you live in the “poorer” towns.

    Post # 21
    Member
    4891 posts
    Honey bee
    • Wedding: October 2014

    I still consider myself middle class (low end), and am that if I just put in my information, or my joint information with Darling Husband of what we make as a household (just past the middle end). and, I know it depends on your area. I bet if I put in what we make somewhere like NYC or LA – we’d be poor.

    I am sure my parents are still considered this, as I know either of them make a TON of money that would put them in an Upper Class bracket, and they are most certainly not Lower Class.

    However, does that also take into consideration retirement accounts, Roth IRAs or other money management accounts?

    Post # 22
    Member
    1245 posts
    Bumble bee

    oh wow! wish they had something like this for Canada! I was playnig with it based on counties I have family and it’s very surprising!

    Post # 23
    Member
    2699 posts
    Sugar bee
    • Wedding: March 2015

    This scale makes us rich…I’ll have to tell my husband we can sell our barely 1800 sq ft house on our 4000 sq foot lot and move into our dream house….he’s going to be so excited…lol

    Post # 24
    Member
    1210 posts
    Bumble bee

    As previous posters in the other thread discussed, its really all relative. The county where I live includes a huge city with extreme pockets of poverty. However, there are some suburbs where the median income is well over 150k. I bet people living in those suburbs making “middle class” wages (according to CNN) probably are struggling to afford their housing and generally feel poor compared to their neighbors.

    My Darling Husband and I are considered “rich” by CNN and I would agree. However, we live in an expensive pocket in a large city, and I always joke I’m the poorest person in our building (which is probably true, haha). We are happy with what we have, can pay all our bills, save money, and generally don’t worry about money. I can’t complain.

    Post # 26
    Member
    2699 posts
    Sugar bee
    • Wedding: March 2015

    The problem is politicians don’t want to truly talk about middle class income anymore. My grandfather was the first person in his family to get a college degree, he went to work for AT&T and supported a family of five children. They vacationed at the beach all summer and lived in a comfortable NYC suburb. He was able to pay for college and weddings and a few little extras. He certainly wasn’t rich! he made less money than doctors, lawyers etc… Now to live that same lifestyle you need to make close to a million a year…. 

    Post # 27
    Member
    336 posts
    Helper bee

    I put in only my income (well, my Fiance is a medical student and doesn’t earn an income) and was above the middle class range for Dallas. But I knew my salary was…unusual in a good way, and I’m extremely grateful for it. 

    Post # 28
    Member
    1157 posts
    Bumble bee
    • Wedding: September 2014

    pinkshoes:  Haha, for the record, I’m the only person in your poll who thinks I’m rich but the calculator says I’m middle class :P. Probably because I used to be super poor. So putting anything away at the end of the month makes me feel rich now.

    Post # 29
    Member
    3281 posts
    Sugar bee
    • Wedding: January 2014

    Ha, this puts us just barely into middle class for NYC, which sounds right–I feel ridiculously poor, but we are able to save and still live a decent lifestyle, so middle class is probably more accurate. The range of this thing though! It makes me so mad that people who are making THREE TIMES what we make in NYC are all “la-dee-dah, I’m middle class,” lol!!

    Post # 30
    Member
    8063 posts
    Bumble Beekeeper

    Jewelieee:  I think that’s kind of the point of the scale. Within all counties there will be “richer” and “poorer” towns and that’s what it’s comparing. If I did this calculation based just on my city alone (instead of the whole county) I’d be much further down on the scale I think. 

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

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