4.6 • 2.8K Ratings
🗓️ 20 August 2025
⏱️ 59 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | Have you ever been curious, what's middle income or middle class by state? |
0:12.9 | Brent, I am so excited to talk about this because today we hear this all the time. |
0:19.0 | We hear middle class, middle class, and we're going to talk about by state what it actually takes to fall into that category. |
0:26.8 | You may be surprised because honestly, the range was different than I guessed it would have been. |
0:32.9 | And it's like most things financial. It depends on where you live. |
0:37.2 | That's right. |
0:38.5 | Actually, we pulled this data from visual capitalists and smart asset. |
0:43.5 | But look at this. You can compare and contrast. There is a broad difference here. |
0:48.1 | If I look at who's the lowest, Mississippi, $49,000. If you look at the highest, now there's a few that were in the $90,000 range, but the highest, |
0:57.4 | according to the stats, was Maryland right at $90,000. |
1:00.7 | And if you look at the average across all 50 states, it comes in right at $69,000 to be labeled |
1:07.9 | middle class. |
1:09.0 | So ranging from as low as Mississippi to as high as Maryland with an |
1:13.1 | average right around 69,000. But the question becomes, okay, is this helpful? Is it valuable? |
1:20.4 | If I know that I fall into the middle class, does that actually impact and affect my financial journey? Or is it something |
1:29.5 | that's even worth knowing at all? Yeah, I mean, this is one of those things where I'm trying to |
1:33.9 | figure out what's the actual teachable things from just knowing the data on where middle class falls. |
1:40.0 | And so we did try to create a few takeaways for the audience so y'all can start, you know, seeing if there's a teachable moment here or a takeaway for you. And the first thing is don't get caught up in the labels. That's right. Is that I will tell you that there are times in our life that our incomes were, you know, in this lower side, but that didn't define us at the time. It was more of the behaviors, |
2:02.1 | the discipline. We'll get into even that more so. But don't let the labels define everything you are |
2:07.6 | or you're not. Yeah, income is crucial to being able to build wealth, but it's not all that matters. |
2:13.8 | It's not the only thing that matters. And one of the things that we want to encourage you, no matter where you fall on the income spectrum, is figure out, are there ways that you |
2:21.9 | could be harvesting the white space? No matter where you are, what stage is, are there opportunities |
... |
Transcript will be available on the free plan in 11 days. Upgrade to see the full transcript now.
Disclaimer: The podcast and artwork embedded on this page are from Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.