More Americans are breaking into the upper middle class
1–10 of 94 posts
Re: More Americans are breaking into the upper middle class
#2Anyone have a gift link?
Re: More Americans are breaking into the upper middle class
#3Great for these people, but will there be such opportunities for their children?
I thought I did well for myself, finding myself among the middle class, the end is on the horizon.
Re: More Americans are breaking into the upper middle class
#4Great for these people, but will there be such opportunities for their children? I thought I did well for myself, finding myself among the middle class, the end is on the horizon.
> but will there be such opportunities for their children?
Yes there always are.
To Downvoters: This statement is obvious. I'll tell you why then:
In 2008, most of you remember the 2008 crash Don't you? There were opportunities then.
We had the 2020 crash in the Covid era, there were opportunities as well back then.
There will obviously be another crash in this AI hype cycle and the moment the crash arrives, there will certainly be more opportunities from that.
I'll give you a massive head start: crypto, x402 / tempo, energy, and robotics.
Re: More Americans are breaking into the upper middle class
#5Anyone have a gift link?
Re: More Americans are breaking into the upper middle class
#6The headline is a remarkably rosy spin on it when the subheading is "Research shows that ranks of higher earners have grown markedly over last 50 years, while lower rungs of middle class have shrunk". The article is behind a paywall but it makes it sound like inequality is increasing.
Re: More Americans are breaking into the upper middle class
#7Great for these people, but will there be such opportunities for their children? I thought I did well for myself, finding myself among the middle class, the end is on the horizon.
> but will there be such opportunities for their children
Yes, assuming they grew up in a household in the 70th percentile or above [0] income bracket and/or are on good terms with your parents and siblings.
At the end of the day, the family unit matters because intergenerational wealth has always been important.
> I thought I did well for myself, finding myself among the middle class, the end is on the horizon
Are you maxing out your Roth 401K (and if possible) your Roth IRA as well while also keeping fixed costs like rent or mortgage at around 40% of post 401K+IRA disbursement?
If so, you have a shot of climbing up into the upper middle class.
Re: More Americans are breaking into the upper middle class
#8"For the first decade of his career, he lived in an apartment and worried about paying for vacations. Then, in his early 30s (...)"
... here is America, without paid vacation guaranteed by law since the government does not truly care about the middle or working class. It's amazing how serious media can write articles about economy, while the blatant obvious deficits slip right by their nose..
Re: More Americans are breaking into the upper middle class
#9The headline is a remarkably rosy spin on it when the subheading is "Research shows that ranks of higher earners have grown markedly over last 50 years, while lower rungs of middle class have shrunk". The article is behind a paywall but it makes it sound like inequality is increasing.
Pretty much. It's reiterating an observation of mine [0] that we now live in a K-shaped economy where the 70th percentile and above are distinct from the 50th percentile and below.
Most HNers and their social peers are in the 70th percentile and above.
Re: More Americans are breaking into the upper middle class
#10"For the first decade of his career, he lived in an apartment and worried about paying for vacations. Then, in his early 30s (...)" ... here is America, without paid vacation guaranteed by law since the government does not truly care about the middle or working class. It's amazing how serious media can write articles about economy, while the blatant obvious deficits slip right by their nose..
While I agree with your sentiment, the article seems to be referring to being able to afford vacation trips, not that vacations are unpaid.