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Comment Re:This sounds weasel-wordy (Score 2) 175

They define 133-400k "family of 3" as "upper middle class".

Which is just patent bullshit.

All it is, is they keep the same old income brackets for "middle class" while inflation pushes wages and COL higher. There are actually far fewer people able to maintain a 1990s "middle class" lifestyle, and I'd argue most of these "upper middle class" people are living month to month. "Middle class" used to mean you were financially secure and had investments and retirement. That's a joke for most people under 50.

Comment Disingenuous (Score 5, Informative) 175

They're defining upper middle class as " family of three earning $133,000 to $400,000 per year". So that's 2 middle aged adults + an adult child as the upper barrier.

What's that mean for your typical "family of 2"? Do they normalize on 3 incomes and play funny with the figures, using extrapolation for the third?

Because the cost of living has increased. $133k is going to just barely buy you a house in most of the country. Is starter home ownership "upper middle class"?

Absolutely not.

This is just inflation, and a disingenuous bullshit article in the NYT (as you can expect, at best). The middle class is markedly smaller, not larger, and they're just using old income brackets to define "upper middle class".

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