(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 # 31
    Member
    674 posts
    Busy bee
    • Wedding: June 2014

    I feel poor, but the calculator says we’re just above middle class?… I guess if our student loan payments weren’t equal to our mortgage, property taxes and homeowners ins. combined I might feel like we had more money..

    Post # 32
    Member
    893 posts
    Busy bee
    • Wedding: July 2011

    By myself I’m POOR.  Alone or with me H is way above the middle class.  With all of his student loans it certainly never feels that way though!

    Post # 33
    Member
    18628 posts
    Honey Beekeeper
    • Wedding: June 2009

    We live in a very diverse county (huge military area with a lot of jobs then rural areas with nothing), so the middle class scale here isn’t very high at all.  It starts at $30k!

    Post # 34
    Member
    1831 posts
    Buzzing bee
    • Wedding: November 2013

    I think there’s layers to the middle class. This thingy says we’re rich, but I would consider is upper middle class. We’re comfortable, but certainly cannot afford some of the nicer homes where we live. And we drive a Toyota and Nissan.  Maybe we’re poor rich people.

    Post # 35
    Member
    5365 posts
    Bee Keeper
    • Wedding: May 2016

    Well I said we were middle class, but according to that, we are barely below it. But our house is in one of the most expensive counties in our state, but we have an address in a different county, and we are closer to a different city. I put in our income in those two counties, and we are solidly middle class, which sounds about right. 

    Post # 36
    Member
    992 posts
    Busy bee

    The lower threshold of “middle class” in my county (according to CNN) is $28,000. This means that a married couple both making federal minimum wage would be considered middle class.  ($7.25 x 40 hours/week x 52 weeks/year x 2 people = $30,160)

    Post # 37
    Member
    4029 posts
    Honey bee

    According the calculator, we just moved above middle class in our area due to my recent pay raise. Before, we were solidly middle class for a number of years.

    When I put my parent’s income it appear I grew up in the lower middle class section of the slider and Darling Husband grew up in the poor section (single mother, 4 children). 

    Post # 38
    Member
    635 posts
    Busy bee
    • Wedding: May 2013

    I think I’m middle class and it says middle class – to get to “rich” you have to make it over $153k/year – that seems like so much but makes total sense in my area.  Hopefully in a few years I will be filthy “rich” muahmuahmuah lol

    Post # 39
    Member
    209 posts
    Helper bee

    I feel middle class, but the calculator says we’re rich. I imagine that’s because we bought a house and are pouring every penny into it (and were putting every penny into saving for it for the last 2 years). If we were still renting, I’d feel rich as hell. 

     

    Different priorities for different people, I guess.  I imagine if folks knew how much my husband and I made they would scoff at the fact that I go to three different grocery stores to only buy stuff on sale and that we both shop at TJ Maxx primarily, but hey…to each his own!  I work with some people who def. live way below the middle-class line for our city, but “look” like they’re rich- eating out lunch every day for $14, shopping at expensive stores constantly, belonging to the $180 a month gym… it’s a trade off.  They have 3 room mates and family help. I have cans of tuna for lunch and a house.  It’s all relative!

    Post # 40
    Member
    5954 posts
    Bee Keeper
    • Wedding: May 2014

    Both incomes together: lower middle class. Pretty much what I figured. Broke broke broke!

    Post # 41
    Member
    213 posts
    Helper bee
    • Wedding: June 2016 - Rockfield Manor - Bel Air, MD

    I said I feel like we’re poor, and even with our combined incomes my Fiance and I are both poor, under middles class by $8,000. Yay social work! 🙁

    Interestingly, the middle class for the county I grew up in has over a $100,000 range! That’s crazy! My parents are lower middle class for that area.

    Post # 42
    Member
    3564 posts
    Sugar bee
    • Wedding: September 2013

    Interesting how diverse the scale is for different areas.  In my area, middle class ranges from about $20K-$80K.  I definitely don’t feel like Darling Husband and I are upper middle class like this thing claims we are. lol 

     

    Post # 43
    Member
    1527 posts
    Bumble bee
    • Wedding: March 2016

    Very interesting! I’m surprised it doesn’t take family size into account though. We are middle class but if we had 4 kids I’m sure we’d be poor, lol.

    ETA: Also interesting, I am in St. Louis but we are technically county (about 10 mins or so outside of city limits). If I change my location to St Louis city we are just a few thousand away from being rich. Maybe we should move closer in so we can be rich, lolol.

    Post # 44
    Member
    860 posts
    Busy bee
    • Wedding: February 2015

    interestinto calculator. I figured we would come out above middle class and we did. I don’t really consider myself rich but we don’t want for anything and can afford all my school loan payments so I figure that’s a good thing

    Post # 45
    Member
    1284 posts
    Bumble bee
    • Wedding: September 2014

    I thought we were probably in the top quarter of the middle class for our area (only because we both work and have no kids to suck up all our money lol) but we were only $1,000 lower than the cutoff – but that was with our annual salary on paper. Adjusting for taxes puts us in the middle.

    The really amazing thing to me was I checked the range for the next county lower and the top end was $30,000 lower than the top end for our county. Crazy!

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

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