Even wealthy Americans are struggling to make ends meet
Even wealthy Americans are struggling to make ends meet
About one in three Americans making six-figure salaries are worried about paying their bills, according to a new survey from the Federal Reserve Bank of Philadelphia.
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Income needed to be considered middle class in each state from Zippia report.
Hawaii $122,695 California $111,206 Massachusetts $85,567 Colorado $81,602 Washington $81,203 New York $75,403 Oregon $74,865 New Jersey $74,485 Maryland $71,844 Utah $71,034 Nevada $70,752 Virginia $67,197 Alaska $63,873 Connecticut $63,375 New Hampshire $62,890 Rhode Island $62,691 Arizona $61,699 Delaware $60,015 Montana $59,496 Minnesota $58,903 Idaho $58,866 Florida $58,833 Texas $55,605 Vermont $55,371 Wyoming $54,849 Georgia $54,213 Illinois $53,961 North Dakota $52,935 Maine $51,608 Pennsylvania $51,346 North Carolina $51,144 Tennessee $50,629 Wisconsin $50,062 Louisiana $49,587 South Carolina $49,110 New Mexico $48,602 South Dakota $48,258 Michigan $47,044 Nebraska $46,906 Missouri $46,649 Kansas $46,485 Alabama $45,559 Oklahoma $44,008 Iowa $43,997 Ohio $43,949 Kentucky $43,747 Indiana $43,310 Mississippi $41,839 West Virginia $41,649 Arkansas $40,928
What kind of bullshit numbers are these? I live Arkansas. If you make $40,928 and live here, you are poor. Not even close to "middle class."
The parts of the state(s) where nobody lives are driving down the number. For Missouri that number is accurate if you live 3 hours from any city with more than one zip code.
Is this household or individual income? Either way, whack
That's bullshit. Look up what rent costs in southern and mid coast Maine and then tell me $51,000 would come even close to paying your bills. It's not just rent here either, everything is more expensive. You might be able to live semi comfortably if you live up north, but all the decent jobs are in and around Portland.
It's just an average. Same reason why $111k won't get you a house in San Fran, LA, or San Diego even though that's the average middle class salary for CA. There are lots of rural areas that bring that average down.
I get that. I'm just venting at how stupid that is. 1 bedroom apartments are now going for $1800 plus in and around southern and midcoast maine, and the state has rural state wages because there's no real industry here outside of fishing and tourism. Everything costs more than other states because no one wants to ship here and the state is massive.
So no you aren't middle class at $51,000. Everyone I know making up to that has been pushed up north towards Canada or out of the state unless they're lucky enough to have parents with property they can move in with.
In Louisiana I make twice that amount. I'm barely middle class.
That’s on you. Probably time to look into your spending.