Quote:
Originally Posted by kelmac07
Define lower middle class and rich?
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That was my question exactly, Mac.....
http://www.cbsnews.com/8301-505123_1...-middle-class/
It's not surprising that Washington has a hard time deciding the politically expedient definition of middle class, but it's not as if there's any better clarity among the masses either. In an April 2008 survey conducted by the Pew Research center, four in 10 Americans with income below $20,000 said they were middle class, while one-third of those making more than $150,000 defined themselves as middle class.
So 40% of Americans that are not making half the Median Household income think they are "middle class"....which 1/3 of those making three times the Median Household income think they are middle class.... If choosing between those two, I'd say the 150Kers are closer....
THis post is in no way meant to come off as political....