![]() Over time, sociologists have used a fluid definition, typically using the phrase to include the nation’s upper-middle class, which consists mainly of college-educated professionals. ![]() The American middle class, as a social class, is a term that first became popular after World War II. So you could earn the median income and afford a middle-class lifestyle.” “ Baby boomers didn't have to save for their own retirement the way Gen X and Millennials do today, and health care costs were under control, especially for people with insurance. “Once upon a time, a middle-class income provided for a middle-class lifestyle: a home with a TV, a car, a college education for the children and a vacation once a year,” said Stephanie Genkin, an independent financial planner in New York City. Robertson’s confusion isn’t uncommon, particularly among people in their 50s, 60s and 70s. ![]() ( MORE: A Tax-Reform Agenda for Low-Income Americans) Yet, when she thinks about the definition of “middle class” in terms of financial wealth, it makes her wonder. I’ve never thought of us as anything but middle class.” “We raised our kids in a brand new mobile home with more amenities than I grew up with. ![]() “We worked hard, gave generously, tithed, saved and lived below our means for 43 years,” Karen said. Retired schoolteacher Karen Robertson, 72, and her husband, Barry, 71, a retired farrier (a craftsman who trims and shoes horse’s hooves) and fireman in Widomar, Calif., have a six-figure income, a comfortable net worth and are debt free. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |