Money Debate: Is 400 K per year considered middle class income by today's standards?
- Thread starter playahaitian
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400 K a year is not bad if you do not have a huge family and you spend wisely but it is best that you stay outside of the major city to really take full advantage of that 400 K
You can live very good in nyc with that much.. even downtown Manhattan.. by the way are kids involved? A spouse? Or is this a single person?… need exact money after taxes
400k in nyc and you single..oh you not rich but you living that bucket list lifestyle
Got a homie from OSU, just moved 90 minutes outside LA, 3k Sq ft crib sits on a whole acre paid just under 500K after flipping his first 3 cribs all for profits.....
Dude probably makes $100 - $150k /yr....no kids....he's living good. And can travel to "the city" whenever he likes..... $400k is not rich in 2021 in any part of the USA....it is upper middle class, but depending on the city you can definitely live more comfortably than others.
I just didn’t wanna say “Rich” because rich can mean a lot of things to different people.
400k a year and single and you’re good in most cities on Earth.
you are above middle class but i wouldn't consider you rich. upper middle class to me is basic doctors or lawyers. 4ook is a successful businessman owner. i consider that high class just one notch over upper middle class. you can maximize your earnings with location.
bums 5k less
poor 6-25
working class 26-45
lower middle class 46-70
middle class 71-99
upper middle class 100-250
high class 251-1 mil
rich 1.1 - 10.5 mil
wealthy 10.6 +
bums 5k less
poor 6-25
working class 26-45
lower middle class 46-70
middle class 71-99
upper middle class 100-250
high class 251-1 mil
rich 1.1 - 10.5 mil
wealthy 10.6 +
Woodchuck let me hold something.
On the real, I made 105k last year. I have 2 kids in college and supporting the baby mama who's now supposedly disabled
. Seriously it feels like I'm single making 26k a year.
Yall do realize 400K in salary brings you home $4500 per week with maxed out health, 401K, 503B, and transportation deductions? I'm just honored to be on this site amongst all you Bilderberg members and shit.
Shit, you make more than me! I only made 129k. I normally make 84k, but I got a bonus this year, plus we sold the company. My wife made the rest! Outside of the extra shit I got this year, we're at about 240K/year.Woodchuck let me hold something.
On the real, I made 105k last year. I have 2 kids in college and supporting the baby mama who's now supposedly disabled
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Depends on where you live
in the country and the cost
of living in your area. 400k
would go a long way here
in Northeast Ohio. If you
made 400k here, you would
be beyond "middle class".
in the country and the cost
of living in your area. 400k
would go a long way here
in Northeast Ohio. If you
made 400k here, you would
be beyond "middle class".
Damn we at 130k I need to get WIC, Medicare and a housing voucher then or ima start trappin
I made 105k last year. I have 2 kids in college and supporting the baby mama who's now supposedly disabled
Tough times, bruh?
Any person earning over $400K is in the top 1.8% of all earners in the US.
This is rich. Do not confuse the lifestyle of rappers, actors, and athletes with real life. A person earning over $150K is fairly comfortable.
This is rich. Do not confuse the lifestyle of rappers, actors, and athletes with real life. A person earning over $150K is fairly comfortable.
This is what I think everyday. So many BGOL ballers and millionaires.
According to the irs anybody making 470,000 and up in 2021 is considered rich.. so by the nigs that help run the financial system 400,000 isn’t rich..close but no cigar
What Income Level Is Considered Rich?
So you're wondering what income level is considered rich. After all, if everybody makes $1,000,000 a year, are you considered rich if you make only $500,000 a year? Probably not! In other words, rich is relative and also subjective. When Obama was president, he considered single people making...
www.financialsamurai.com
I don’t think they actually know what 400k is, I think they’re comparing it to professional athlete salaries.
Actually, what it says is...According to the irs anybody making 470,000 and up in 2021 is considered rich.. so by the nigs that help run the financial system 400,000 isn’t rich..close but no cigar
What Income Level Is Considered Rich?
So you're wondering what income level is considered rich. After all, if everybody makes $1,000,000 a year, are you considered rich if you make only $500,000 a year? Probably not! In other words, rich is relative and also subjective. When Obama was president, he considered single people making...
With a $500,000+ income, you are considered rich, wherever you live! According to the IRS, any household who makes over $470,000 a year in 2021 is considered a top 1% income earner.
But, let's not split hairs. $400K is rich and is the top 1.8%. When you earn more than 98% of everybody in the country, you are rich.
Naw I'm ok I pay $1100 a month for her rent and cellphone. I don't have to pay anything but she is the type of person who can't take care of themselves. I guess I'm a good guy.
Tough times, bruh?
You still fucking?
So you even gonna argue with the irs on what they consider rich Lmaoooo.. Tito say fuck the dictionary, fuck the economic establishment, my words and terms are what it is
Yeah, 400k is upper-middle class outside of NYC and Cali. Pretty hard to fuck that up. Million a year is where it starts though. Networth outside of primary residence is a more powerful indicator of class though. Some folks making 400k and spending 500k a year.
People keep that check to check shit going at all class levels.I hope so damn or some fire head once a month…twice
Is 400k a year middle class?
If you just started making that money last month and you're still trying to deal with a car note, mortgage, hospital bill, gambling debt, and a cocaine habit then no. You're still broke like the rest of us.
On the other hand, if you've been making at or about that level for the last 20 years, bought Bitcoin when they were $0.30 a piece, flipped a house near fruitvale BART station, and most of all, resisted The temptations of avocado toast and Starbucks lattes, then yeah your middle classish.
However, if you inherited a bunch of melted down gold teeth from Grandpa Eichman, sold it to buy Amazon stock in 2000, your $400,000 a year 'salary' comes from the dividends, and your job is being a volunteer pipe layer at the center for frustrated milfs, then you are a rich lucky bastard and I hate you.
If you just started making that money last month and you're still trying to deal with a car note, mortgage, hospital bill, gambling debt, and a cocaine habit then no. You're still broke like the rest of us.
On the other hand, if you've been making at or about that level for the last 20 years, bought Bitcoin when they were $0.30 a piece, flipped a house near fruitvale BART station, and most of all, resisted The temptations of avocado toast and Starbucks lattes, then yeah your middle classish.
However, if you inherited a bunch of melted down gold teeth from Grandpa Eichman, sold it to buy Amazon stock in 2000, your $400,000 a year 'salary' comes from the dividends, and your job is being a volunteer pipe layer at the center for frustrated milfs, then you are a rich lucky bastard and I hate you.
No, upper class. Top 5% in most of the US. Definitely in the world.
www.investors.com
Top 1%: How Much Income It Takes To Be One Of The Richest Americans In Your State
Be honest. You are jealous of the one percenter club, the richest Americans. Yet you want to be one of those top 1% of U.S. earners.
www.investors.com
This thread completely exposes the lunacy of some of the people on BGOL. The fact that a person who earns $400K is in the top 1.8% of all US earners and in the top 0.5% of all global earners isn't enough to convince BGOL of the significance of such an amount of money. According to some BGOL, $400K is just OK, not rich. Geesh!!!
This confirms that we are truly spoiled here in the US and that it is almost impossible to have rational financial conversations on BGOL(or the internet) due to the detachment from reality.
Ball on ballers.
This confirms that we are truly spoiled here in the US and that it is almost impossible to have rational financial conversations on BGOL(or the internet) due to the detachment from reality.
Ball on ballers.
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