Have a yearly household income in the $40,000 – $249,000 range? You are not a member of the “middle class”. You are a member of the poor class, and you are behind the curve… WAY behind it.
The poverty level for a family of 4 in the United States is just a hair over 22 thousand dollars. The average income for a US family is just a touch over $46,000. The “upper class” or “rich” are the top 1% of earners in the US. They have an average income of $380,000 per year. But there’s more to the story…
The average U.S. household is home to 2.54 people, so factoring in the actual size of your household produces a more realistic estimate of how much income it takes to live like the wealthiest 5% of Americans. For a family of four, nationwide, that’s $490,000.
These are facts. But facts are useless without a little perspective, so check this out:
43.6 million Americans living in poverty in 2009.
The average US income, or “middle class” has a yearly paycheck that is roughly double the poverty level (22,000 x 2 is 44,000).
The rich have a paycheck that is almost 11 times larger than the folks in the “middle class”. The difference between the rich and the poor is an astounding 22 times larger.
So I charted this out in Excel (each box is 22000 more than the one before it), just to get a feeling of how the distribution looks. Have a look at that screen shot, and I think you’ll get my point. Basically, to be truly “middle class” you’d have to make somewhere in the neighborhood of $250,000. But only one in 50 households makes that kind of money, and then you have to factor out the ones who are over the $490,000 rich line. That leaves a VERY few.
The truth is: There is no middle class. There is rich and poor and very, very few people living in between.
You are not middle class. You may be at the top of the poor class, but that’s like being the thinnest fat guy.