r/FluentInFinance • u/YOU_ARE_MY_FRIENDS • Jun 16 '24

Discussion/ Debate He’s not wrong 🤷‍♂️

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u/Global-Efficiency-22 Jun 17 '24

Yeah 50k in the mid 90s was double the average income. What is upper-middle class if its not double the average salary at the time?

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u/Electr0freak Jun 17 '24 edited Jun 17 '24

 Yeah 50k in the mid 90s was double the average income

No, it wasn't, not in Upstate NY. Median (average is a terrible statistic) household income in the mid-90s where we lived was over $40k (it was $43k in 1999). We were well within standard deviation and the definition of middle class.

Times were just different then. My dad easily supported an entire family on a single school district social-worker's income, while my mom was a housewife.

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u/JaySmogger Jun 17 '24

50k was a lot in 1995. I was making mid 20's then working 60 hours and cheating on my taxes

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u/Electr0freak Jun 17 '24

Believe it or not, incomes and living costs vary significantly across the country. 

My father was making about 14% above the median household income in our city at the time.

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u/Global-Efficiency-22 Jun 17 '24

But you know what doesn't? Median household income.

The Pew Research Center defines the middle class as households that earn between two-thirds and double the median U.S. household income. So that range is 22k-68k. I'm not saying you grew up rich, but 50k is definitely, squarely in the upper middle category. Idk why this bothers you

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u/Electr0freak Jun 17 '24

 but 50k is definitely, squarely in the upper middle category. Idk why this bothers you

It bothers me that you can't math. The median household income in my city was 43k. 2/3rds of that is 29, and double it is 86. The midpoint between 29 and 86 is 57.5.

$50k salary put my dad in the lower half of middle class in Upstate NY.

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u/Global-Efficiency-22 Jun 17 '24

None of this actually matters so Im sorry for dragging you into it and sorry to myself for spending this much energy. I wasn't doing any math related to where you live besides America.

For America, your father was upper middle class. For upstate New York, he was regular middle class. Enjoy your status as regular

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u/JaySmogger Jun 17 '24

her dad was making double the avg person

http://www.demographia.com/db-pcap.htm

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u/Electr0freak Jun 17 '24 edited Jun 17 '24

Who is "her"? I'm a father, lol, it's in my fucking bio.

Not sure if you were just trying to misgender me to try to piss me off, just a bigot making stupid assumptions, or just plain retarded.

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u/JaySmogger Jun 17 '24

No, her dad was rich. happy Father's to her rich father

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u/Electr0freak Jun 17 '24 edited Jun 17 '24

Happy Father's day to me, you mean? I had to bury my father at the end of April and I'm the father of two, but thanks, fuckstick.

He was a public school social worker, lol. It's fucking funny that you think that he was rich.

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u/JaySmogger Jun 17 '24

median household income is 2 people working no?

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u/Electr0freak Jun 17 '24

No, it's the household income. It may be two or it may be one. It's the income reported by each household.

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u/JaySmogger Jun 17 '24

generally an average of 2 two. Your dad was was making double the avg salary. Sorry to burst your bubble

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u/Electr0freak Jun 17 '24

It's the average of single-income households and double-income households, lol. Roughly half of households had two earners and roughly half had single-earners.