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View Poll Results: Is it All that Difficult to Enter the Middle-Class or Above in the Current US System?
Yes 2 33.33%
No 3 50.00%
Other 1 16.67%
Voters: 6. You may not vote on this poll

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Old May 22nd, 2018, 06:19 PM   #11
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I lived in an old minivan for 3 years (not that long ago) and used my school loans to fund the search for her in Phills. The expense paid for itself the first 6 months of her arrival.
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Old May 22nd, 2018, 06:30 PM   #12
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Its dishonest and wrong to label what is middle class without taking into consideration the cost of living of the particular area you are talking about.

Take this for instance
Quote:
Sure The Middle Class Is Shrinking: 30% Of Americans Are Now Too Rich To Be In The Middle Class
https://www.forbes.com/sites/timwors.../#7844bd8b21c8
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Old May 22nd, 2018, 08:34 PM   #13
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middle class is being shifted. and shafted. Middle class is making at least 100k. anything less is lower class. Inflation averages 5% per year, so prices double every 15 years. If your take home pay doesn't double with it, you're being robbed. Cause whomever you work for IS increasing what he charges to his customers, to allow for that inflation! So WHY can't he also pay you that increase, hmm?

in 1970, a guy could clear 10k a year working on assembly lines or in a mine. In today's money, that would be 80k a year. to clear that much, you'd have to be making $60 an hour. Such people were NOT upper class in 1970. they just had a decent life, that's all Prison guards that work 20 hours of overtime each week, due to pension and GREAT medical insurance, effectively clear 100k a year and then retire on half their highest pay grade, untaxed. are you going to claim that a prison guard is upper class? That's bs. 50k a year is NOTHING

Last edited by ulald; May 22nd, 2018 at 08:38 PM.
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Old May 23rd, 2018, 05:11 AM   #14
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for $500 and a month's training, you can be a CNA, and the VA will snap you up, full time, for $14 an hour. Take a year of college, on 6k loan and selling your plasma, live in a mini-van, and you can be an LpN, $18 an hour, anywhere in the US. Another year of full time college and you'll be an RN, $25 an hour anywhere. A 4 year degree in Nursing is not worth all the work. Switch over to something easy, like Criminology and get a 4 year degree in that. They'll count almost all of your nursing classes as "electives. You can find part time work at nursing, or go to criminology classes part time. The Feds will snap you up as a prison guard, $18 an hour for your first year, then $26 an hour and get this, ALL the overtime you want to work, and it's VERY easy, work, much less dangerous than tending almost any bar, for instance, except at the high security places. The OT is not available at every one of the Feds 100 prisons, but you need to move where the work is. Think about that, 1500 hours per year at $39 an hour of OT pay, plus 52k of base pay. 110k a year. As you move up to cook supervisor, etc, you'll be making $32 an hour, but the overtime is only awarded at base pay rate. The full medical insurance, for yourself and spouse is worth 10k a year and with a couple of kids, it's worth 20k a year. So is the pension after 20 years, altho you can't draw it before age 50. They'll count your military service towards your 20. Many go on, at age 37, to earn yet another Fed pension, retiring on a clear 80k a year, plus 20k a year of SS. You dont have to know a damned thing special, or do such, either. Live frugally, have a spouse that makes the same money and lives the same way, dont have kidsand you can be REALLY well off in some nice country, like Thailand, Nicaraugua, or Portugal, on your clear 120k a year, age 50, with half a million $ well invested, adding another 40k or so to the annual take. You'll have everything that somebody in the US can manage on a clear 1/2 mill a year and some things that they cant. Like an honorary cop job that lets you have an M16 with silencer in your car, armor, wear your pistol everywhere, be free to arrest people at will, or shoot them dead if they resist.
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Old May 23rd, 2018, 10:16 AM   #15
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Quote:
Originally Posted by ulald View Post
50k a year is NOTHING
@ulald

Depends what you are looking for. 50k a year is enough for your own place, car, decent amount of nice stuff, some vacation/travel, etc. It is hardly poor as long as you do not screw yourself by living outside your own means which will stack a bunch of unnecessary monthly bills on.
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Old May 23rd, 2018, 12:19 PM   #16
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50k a year in Mississippi is different than 50k a year in San Diego
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Old May 23rd, 2018, 12:39 PM   #17
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50k a year in Mississippi is different than 50k a year in San Diego
@guy

Yes--though nobody is making someone live in NYC. 50k where I live would be quite comfortable and can even afford some decent luxuries. We all have choices to make.
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Old May 23rd, 2018, 04:02 PM   #18
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it aint waf when you are going to have to put some kids thru graduate school, which is what they'll need to be able to properly raise THEIR kids. If your wife ALSO grosses 50k you can maybe raise one kid, (Properly, without sponging off of the taxpayer for their food, medical care, and education) But you'd better be frugal and invest very effectively, or you wont have the 1/2 million dollars (each) that you and your spouse will need to be able to retire in the US. at an age that makes retirement worth having, which is 50 or younger.

You only clear 35 k a year on 50k gross. If you want to retire decently, you have to invest 20k a year, starting when you're 25. Retirement needs to come by age 50 or it will probably not be worth having. Many people's health goes completely to crap in their 60's. Which is why the SS retirement age was set at 65. At the time, 1934, they thought that they'd have to pay out almost nothing! and medicare was not part of the deal at the time, either.

Last edited by ulald; May 23rd, 2018 at 04:05 PM.
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Old May 23rd, 2018, 05:12 PM   #19
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Originally Posted by ulald View Post
it aint waf when you are going to have to put some kids thru graduate school, which is what they'll need to be able to properly raise THEIR kids. If your wife ALSO grosses 50k you can maybe raise one kid, (Properly, without sponging off of the taxpayer for their food, medical care, and education) But you'd better be frugal and invest very effectively, or you wont have the 1/2 million dollars (each) that you and your spouse will need to be able to retire in the US. at an age that makes retirement worth having, which is 50 or younger.

You only clear 35 k a year on 50k gross. If you want to retire decently, you have to invest 20k a year, starting when you're 25. Retirement needs to come by age 50 or it will probably not be worth having. Many people's health goes completely to crap in their 60's. Which is why the SS retirement age was set at 65. At the time, 1934, they thought that they'd have to pay out almost nothing! and medicare was not part of the deal at the time, either.
@ulald


You should read my post on various other threads concerning 'education' and jobs, as what you stated is a common misconception. I really am not sure what you think the cost of living is that will require great amounts of money, not that I do not recommend some of the investments I believe you previously discussed; for example, real estate with monthly rent. Though, again, I would press, 50k is not even close to suffering for a single person--in fact, it is quite comfortable. Now, with 50k, you could also easily get married and live comfortably/quite well with no kids. When you add kids, things begin to become more expensive, though if the partner gets a part-time job, a lot of this can be remedied. Of course, there is always the path of investment as well, which can pay off significantly.
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