4.8 • 3.6K Ratings
🗓️ 25 October 2024
⏱️ 13 minutes
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0:00.0 | Well, hey you guys, so I recently came across an article from Yahoo Finance that shared the signs that you may have upgraded out of middle class. |
0:15.0 | So it got me thinking about how often I see people, especially on the Ramsey show or on social media, |
0:20.0 | who aren't just staying in their lane, so to speak. |
0:23.0 | And the truth is, it goes, you know, both ways, right? |
0:26.0 | Some people have harder times, some people are thriving. |
0:29.0 | So I see people who are making a lower income |
0:31.5 | and managing their money so well that they're actually |
0:34.2 | building wealth and they're becoming better off financially than those who may be |
0:39.0 | making you know a larger income but they're completely out of control and they're in debt and they're living |
0:43.4 | paycheck to paycheck. So today I want to dig into this topic and react to this article's |
0:47.9 | definition of middle class and later I'll share my tips for acting like you're in the upper class, |
0:54.8 | even if you make below an average income and trust me, it is possible. |
0:59.6 | But first, make sure to click that subscribe button |
1:02.0 | if you want to see more content like this in the future. |
1:05.6 | All right, first, what is considered middle class |
1:07.9 | these days? |
1:08.5 | Well, Pew Research Center defines middle class |
1:11.4 | as having an income that is two-thirds to double the national median income. |
1:17.2 | And according to the Bureau of Labor Statistics, the median annual income is just over $59,000. |
1:25.1 | Judging by this formula and salary level, |
1:28.0 | if you earn less than $39,505, |
1:31.7 | you're considered a lower income household. |
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