(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 # 61
    Member
    3729 posts
    Sugar bee
    • Wedding: City, State

    pinkshoes:  My area’s salary range was $68-$203. I made right around $68 with my first job and struggled to share an apartment, pay bills, and eat. There is no way I could have supported a child.

    Post # 62
    Member
    1566 posts
    Bumble bee
    • Wedding: May 2016

    Very cool, thanks for sharing! I would have pegged myself as lower middle class, which is apparently accurate according to this. That said, I am barely able to make ends meet on what I make, even with inexpensive housing and minimal expenses (no cable, no car payments) so I’d hate to think how others are doing in my area who are legitimately poor. Heck, even other middle class people must be struggling since cost of living is so high in NJ. 

    Post # 63
    Member
    335 posts
    Helper bee
    • Wedding: August 2015

    I am a few thousand shy of middle class for my county, which starts in the 70s – one of the richest in the country, I think. I take solace in the fact that if I lived a quarter mile down the same road (but over the county line), I’d be in the middle of the middle class.

    Post # 65
    Member
    2573 posts
    Sugar bee

    TheGridMonster:  You live in a really expensive area and usually when you make more you tend to spend more as well.

    I swear when me and Fiance were in our shitty little rental we had so much more money! Houses suck all your money out of you. We make in the upper end of income ranges in our city and we live comfortably but thats with no kids. I wouldn’t mind making 500,000 here though it is possible in my Fiances field but it will take years to get there.

    I commented in another post that in Canada they consider you high income or weathly after 125,000. Ummm we make much more north of that number ( with no kids ) and I would consider us upper middle class but not wealthy by any means. There are truly RICH people in our area (I am talking 20,000 sqft houses rich) thats what I consider wealthy.

    Also good luck with the house saving and purchase 🙂

    Post # 66
    Member
    7905 posts
    Bumble Beekeeper

    Interesting links! I didn’t know the different criteria for middle class. They were accurate for the most part. 

    Post # 67
    Member
    9225 posts
    Buzzing Beekeeper

    sway0060:  Yeah, I drive past mansions everyday that I am so far from ever having that it’s hard to feel rich. We’ve actually been super vigilant about making sure that our spending habits haven’t changed much since I was in law school/FI was in grad school — we’re both afraid that if we get used to a certain lifestyle, it’ll be too hard to give things up if needs be. So other than rent/groceries/utilites (and my biannual manis!), our expenses are still low. Haven’t been on a proper vacation in over 2 years and we share a Prius. We’ve been trying to keep our savings rate insanely high for the house. Maybe after all that we can start enjoying life a bit more. Thanks so much for the well wishes! 🙂

    Post # 68
    Member
    7823 posts
    Bumble Beekeeper
    • Wedding: October 2010

    I thought I was middle class but apparently we are rich. I think this may be because my husband works close to DC (so DC salary), while we live in Baltimore (much cheaper).

    Post # 69
    Member
    1276 posts
    Bumble bee

    It’s accurate in my case.

    Post # 70
    Member
    481 posts
    Helper bee
    • Wedding: September 2014

    Lower middle class, but I knew that. We’re not living paycheck to paycheck, but there’s very little left after bills and groceries, etc.

    Post # 71
    Member
    432 posts
    Helper bee
    • Wedding: November 2015 - Winery

    WELL. I kind of agrre, but I then don’t agree. You have to add in how much debt you have too, in relation to your income- I would think.

    Post # 72
    Member
    335 posts
    Helper bee
    • Wedding: October 2013

    With our combined salary, I expected to be above middle class for my area, and it is. But with student loans eating away nearly half of our salary, we feel more like middle class. Since we fall into a higher pay scale, we miss out on several benefits, like tax deductions for student loans. It sucks.

    Post # 73
    Member
    1338 posts
    Bumble bee
    • Wedding: May 2014

    The calculator does not match where I feel we fall.  The calculator says we are rich and by a healthy margin.  It says we are rich in three other expensive counties I checked too.  I feel that we are middle class.  Maybe my perception of middle class and “rich” is skewed.  Or maybe I feel leaner than the calculator says because of some extra expenses we’ve had to absorb over the past year, some of which were unexpected.  Probably a little of both. 

    Post # 74
    Member
    14492 posts
    Honey Beekeeper
    • Wedding: June 2011

    I feel their definition of rich skewed, by a very large margin. 105k is rich in my area!? And 36k is middle class? For a family of three? Umm, no. Not even close. That’s just ridiculous. I can’t even take this thing seriously after seeing those results. 

    Post # 75
    Member
    1553 posts
    Bumble bee

    It says we’re close to upper-middle class with our combined incomes. 

    “Classes” in general are bullsh*t, though. I just hate the word.

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

    Find Amazing Vendors