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cloudship

What is "Middle Class"?

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After a discussion I had, I had posted this question on another forum. I was a bit surprised by the answers I got. I am curious what people here think, since the demographics are likely very different.

Can someone please define middle class for me? Everyone keep using the term, but I somehow get the feeling we are all talking about very different groups of people.

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In my own personal opinion, middle class refers to:

  • Maximum individual income of $100k/annually or family income of $175k/annually
  • Minumum individual income of $35k/annually or family income of $60k/annually
  • Assets totaling no more than $750k (not including investments, just cars, home, etc)

I would also place folks into an 'upper' and 'lower' middle class ranking.

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