Is 90k pay middle class

[Backache]

Yes, another true to life scenario.
But £1.5 million is still a good roundabout figure to make not working feasible for an individual. Some would find it possible with less than that.

Absolutely but for most people realistically if they have that kind of net worth a good chunk of it is in the value of their house so their actual affordable lifestyle would be probably very modest compared with when they were earning.
It seems a strange concept to say that someone is working class for most of their life and suddenly transitions to middle class approaching retirement.

 

[Voyager EMH]

Absolutely but for most people realistically if they have that kind of net worth a good chunk of it is in the value of their house so their actual affordable lifestyle would be probably very modest compared with when they were earning.
It seems a strange concept to say that someone is working class for most of their life and suddenly transitions to middle class approaching retirement.

Strange maybe, but a non-working retired couple with assets totalling £3 million or more - not many like that - as you and I established.
Even fewer would be those that achieved this all of a sudden.
More likely to be a process towards over their working lives.

 

[harpo_72]

Lots of attempts here to define class. I don’t think income is correct.
For me middle class was always something my mother talked about, my dad didn’t/doesn’t despite being the only son of a council dustman, plumber and eventually head of municipal works.
My wife is concerned with it, as well ..
I am not, I appreciate people for who they are, the skills they have and how good a company they are .. and if they need help and I can give it I would.
Worrying about where or how you are perceived is a waste of time .. by the way I dropped all my “h”s throughout this post..

 

[IanM]

........ by the way I dropped all my “h”s throughout this post..

Ooooooligan!

The only people I've ever heard rattle on about Class is folk towards the (alleged) lower ends of it, or wealthy folk who wanted to be thought of as "not posh!"

I can think of some seriously wealthy folk who dress like hobos as part of their image. Then they go back to their massive houses in, let's say Finsbury Park or Pontcanna!

 

[bobmac]

There are many sports stars who earn more than 90k a week!
Are they regarded as upper class?

 

[harpo_72]

There are many sports stars who earn more than 90k a week!
Are they regarded as upper class?

Nuevo Riche …
But seriously they are just the same as the current landed gentry as in one of the ancestors made a mint applied some of said money in the pockets to join the club ..

Money is not a measure

 

[PJ87]

Nuevo Riche …
But seriously they are just the same as the current landed gentry as in one of the ancestors made a mint applied some of said money in the pockets to join the club ..

Money is not a measure

I wonder if it is slightly a measure

IE working class people are those who live pay check to pay check, if a surprise bill comes in it's god I need pay day to cover that

Where as middle class can dip into a reserve and cover

Where as upper class just own the company who's billing them

 

[Lord Tyrion]

@PJ87 I'm not mocking your post, I just like what you did. Particularly the last line. Very clever / funny

 

[PJ87]

@PJ87 I'm not mocking your post, I just like what you did. Particularly the last line. Very clever / funny

I was trying to think of the difference between working and middle class now days with the lines being blurred so much and could only think of struggles Vs comfortable with bills

Then that popped into my head

 

[Lord Tyrion]

I was trying to think of the difference between working and middle class now days with the lines being blurred so much and could only think of struggles Vs comfortable with bills

Then that popped into my head

I think it's a good analogy. The old measures really don't stack up anymore, not do many people actually care. It's yesterday's news really.

 

[PJ87]

I think it's a good analogy. The old measures really don't stack up anymore, not do many people actually care. It's yesterday's news really.

I think many people strive to be middle class in life

But then by my own analogy I'm middle class as if I unexpected bill comes I pay it, comfortable is the term I'd use and I think most people would love to be comfortable in life

The class system is as outdated as knee high socks with shorts

 

[Neilds]

I think many people strive to be middle class in life

But then by my own analogy I'm middle class as if I unexpected bill comes I pay it, comfortable is the term I'd use and I think most people would love to be comfortable in life

The class system is as outdated as knee high socks with shorts

You never have anything unexpected! The way you plan things so meticulously you must never be surprised by a bill

 

[PJ87]

You never have anything unexpected! The way you plan things so meticulously you must never be surprised by a bill

Lol very true altho the bolt I drove over last week leading to a new tyre was a bit of a shock

 

[Voyager EMH]

Upper, Middle and Working class is not "outdated", it exists in reality in our society.

Upper class is inherited titles, land and property and being close family of those to whom this applies.

Middle class is ownership of sufficient wealth where the need to work is significantly diminished or does not exist.

The above two classes are around 2% to 3% of the adult population.

Everyone else needs to work and are working class. Their role in the economy is different from the other two classes where "work" rather than "ownership" dominates their life.

The above categories will include those with aspects of two classes in borderline cases.

 

[PJ87]

Upper, Middle and Working class is not "outdated", it exists in reality in our society.

Upper class is inherited titles, land and property and being close family of those to whom this applies.

Middle class is ownership of sufficient wealth where the need to work is significantly diminished or does not exist.

The above two classes are around 2% to 3% of the adult population.

Everyone else needs to work and are working class. Their role in the economy is different from the other two classes where "work" rather than "ownership" dominates their life.

The above categories will include those with aspects of two classes in borderline cases.

So by this retired people who own their house and have a pension are all middle class?

 

[cliveb]

You never have anything unexpected! The way you plan things so meticulously you must never be surprised by a bill

I think ending up with three kids instead of two was unexpected.
And probably with greater financial implications than most other surprises.

 

[PJ87]

I think ending up with three kids instead of two was unexpected.
And probably with greater financial implications than most other surprises.

Yes my little planned surprise with the glasses costs me an arm and a leg

Had to drive that ridiculous Alhambra for 4 years until they got our of that size car seat for crying out loud

 

[Voyager EMH]

So by this retired people who own their house and have a pension are all middle class?

Their state pension is not wealth.
If they have a private pension this is deferred wages from work - in most cases.
If their savings and property amount to over £3 million as a couple, then they enter that borderline area where ownership of "significant" capital wealth, and the management of it, is their essential part of the economy and puts them in the 2% to 3% of the wealthiest adults in the population.

If you have been working class all your working life and do not own that significant amount of wealth at retirement then you do not enter the middle class.

 

[PJ87]

Their state pension is not wealth.
If they have a private pension this is deferred wages from work - in most cases.
If their savings and property amount to over £3 million as a couple, then they enter that borderline area where ownership of "significant" capital wealth, and the management of it, is their essential part of the economy and puts them in the 2% to 3% of the wealthiest adults in the population.

If you have been working class all your working life and do not own that significant amount of wealth at retirement then you do not enter the middle class.

Even on just a state pension if you have paid off your house and live off the state pension the rest of your lift that's pretty decent no?

Altho they could also release value from their house and live off that aswell

 

[Voyager EMH]

Even on just a state pension if you have paid off your house and live off the state pension the rest of your lift that's pretty decent no?

Altho they could also release value from their house and live off that aswell

Retired working class.
I would expect than in a wealthy country, people who have worked all their adult life and been financially responsible, should be able to live "pretty decently".
Something would be very amiss, if this was not the case.