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The Rachel Cruze Show

5 Signs You're No Longer Middle Class (My Reaction)

The Rachel Cruze Show

Ramsey Network

Education, Investing, Business, Self-improvement

4.83.6K Ratings

🗓️ 25 October 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

💵 Start your free budget today. Download the EveryDollar app! Even if you feel like you’re “middle class,” you might have leveled up financially and not even know it. In this episode, learn how to manage any income level like the “upper class.” Next Steps: 🎥 Watch my video 15 Things the Middle Class Can’t Afford Anymore. Connect With Our Sponsors: 🏥 Learn more about Christian Healthcare Ministries. 🔒 Get 20% off when you join DeleteMe.   Listen to More From Ramsey Network: 🍸 Smart Money Happy Hour 🎙️ The Ramsey Show   💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 💰 George Kamel 💼 The Ken Coleman Show 📈 EntreLeadership   Ramsey Solutions Privacy Policy

Transcript

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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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