Well, the middle class is defined as the middle 20% income percentile. The 40-60% range of people.
Of course I’ve always found that definition to be unhelpful. Instead, I’d define it by what percentage range can own their own home, cover all their basic living expenses, and still have 20% of the income left over for discretionary spending or saving.
With that definition I imagine it’s closer to only 10% of people and they are somewhere between the 60th and 80th percentile range.
Money is the problem of the middle class.
Tossing money at it, is the only solution.
So I don’t really understand what you’re asking here.
Well, the middle class is defined as the middle 20% income percentile. The 40-60% range of people.
Of course I’ve always found that definition to be unhelpful. Instead, I’d define it by what percentage range can own their own home, cover all their basic living expenses, and still have 20% of the income left over for discretionary spending or saving.
With that definition I imagine it’s closer to only 10% of people and they are somewhere between the 60th and 80th percentile range.
Money is the problem of the middle class.
Tossing money at it, is the only solution.
So I don’t really understand what you’re asking here.