Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Interesting PEW Poll
Old 09-08-2018, 09:40 AM   #1
Thinks s/he gets paid by the post
frayne's Avatar
 
Join Date: Oct 2002
Location: 19th Hole
Posts: 2,973
Interesting PEW Poll

Disclaimer, not a poll but an income calculator on where you sit in the scheme of things based on location, income, sex and age.
Are you in the U.S. middle class? Try our income calculator | Pew Research Center
__________________

__________________
A totally unblemished life is only for saints.
frayne is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 09-08-2018, 11:32 AM   #2
Moderator Emeritus
aja8888's Avatar
 
Join Date: Apr 2011
Location: The Woodlands, TX
Posts: 10,428
Thanks! We are squarely in the middle.
__________________

__________________
I'm out of signature material at this time.....
aja8888 is offline   Reply With Quote
Old 09-08-2018, 11:40 AM   #3
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,658
That was a surprise! I regard myself as somewhere around middle class to upper middle class but the results say that I am in the upper class.

After playing around with it for a while, I discovered that if my AGI had been even just $529 less than it was, I would be in the middle class. So, I guess I am in the lower upper class.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is offline   Reply With Quote
Old 09-08-2018, 11:41 AM   #4
Thinks s/he gets paid by the post
 
Join Date: Oct 2013
Posts: 1,182
Smack dab in the middle.
__________________
“Every tick-tock is a second of life that passes by, that flees never to repeat itself. And it holds such intensity, such interest that the only problem is knowing how to live. May each person solve it as best they can.”

Frida Kahlo
candrew is offline   Reply With Quote
Old 09-08-2018, 11:43 AM   #5
Thinks s/he gets paid by the post
VanWinkle's Avatar
 
Join Date: Oct 2017
Location: Brighton
Posts: 1,211
Interesting, I am still in the boring old middle class and loving it!!

VW
__________________
Retired May 13th(Friday) 2016 at age 61.
VanWinkle is offline   Reply With Quote
Old 09-08-2018, 12:01 PM   #6
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: lumpen slums of cyberspace
Posts: 30,162
Quote:
Originally Posted by W2R View Post
That was a surprise! I regard myself as somewhere around middle class to upper middle class but the results say that I am in the upper class.

After playing around with it for a while, I discovered that if my AGI had been even just $529 less than it was, I would be in the middle class. So, I guess I am in the lower upper class.
I always thought you had a lot of class
MichaelB is offline   Reply With Quote
Old 09-08-2018, 12:12 PM   #7
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,658
Quote:
Originally Posted by MichaelB View Post
I always thought you had a lot of class
Thank you!
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is offline   Reply With Quote
Old 09-08-2018, 12:16 PM   #8
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
NW-Bound's Avatar
 
Join Date: Jul 2008
Posts: 25,564
We could spend as upper class, but don't see the need/desire to do that yet.
__________________
"Old age is the most unexpected of all things that can happen to a man" -- Leon Trotsky
NW-Bound is online now   Reply With Quote
Old 09-08-2018, 12:32 PM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,316
+1 If I input what we actually spend, we are middle in both Vermont and Sarasota, if I input our max spending per Firecalc, we are upper in both places.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Old 09-08-2018, 12:35 PM   #10
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 4,533
Quote:
Originally Posted by pb4uski View Post
+1 If I input what we actually spend, we are middle in both Vermont and Sarasota, if I input our max spending per Firecalc, we are upper in both places.
+2 in Tampa Florida.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 09-08-2018, 12:40 PM   #11
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,658
Quote:
Originally Posted by NW-Bound View Post
We could spend as upper class, but don't see the need/desire to do that yet.
Quote:
Originally Posted by pb4uski View Post
+1 If I input what we actually spend, we are middle in both Vermont and Sarasota, if I input our max spending per Firecalc, we are upper in both places.
Quote:
Originally Posted by Dtail View Post
+2 in Tampa Florida.
Are you all looking at some other calculator, or have I gone temporarily insane?

THIS calculator does not include anything related to spending whatsoever. It asks for "Household income before taxes", not spending.

Might want to try it again and pay attention to what you are inputting.

P.S. - - if I erroneously entered what I am spending, rather than "Household income before taxes", then the results would be lower class for me.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is offline   Reply With Quote
Old 09-08-2018, 12:56 PM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,316
While I see your point, I think for many of us that spending is more relevant than income... income can have oddities.... do we include capital gains? Roth conversions that are totally discretionary and simply moving money from one pocket to another? Non-taxable SS? How about interest and dividends from tax-deferred accounts... these are technically income and add to wealth but are not taxed and not typically included in household income as defined by the government and pollsters. Similarly, for those still working but that are super-savers do you count gross, take-home or take-home less taxable savings?

IOW to me, low, middle and upper are a reflection of lifestyle rather than income. How would one classify someone earns $500,000 a year but spends $100,000 a year.... an upper class income with a middle class lifestyle I suppose.... and it migh be vice versa for people who continually incur credit in excess and/or refinance and live above their means.

That said, just by conicidence, our income per our tax return is about what we spend annually, but that includes Roth conversions that are really just moving money from the tax-deferred pock to the tax-free pocket.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Old 09-08-2018, 12:58 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Nov 2016
Posts: 2,683
When I was working I would have been in upper class. Since I have retired I'm in the lower class but have more money now then I ever had in my life.
street is offline   Reply With Quote
Old 09-08-2018, 01:02 PM   #14
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,658
Quote:
Originally Posted by pb4uski View Post
IOW to me, low, middle and upper are a reflection of lifestyle rather than income. How would one classify someone earns $500,000 a year but spends $100,000 a year....
Yeah, like Warren Buffet! He is really frugal, and doesn't spend much on his house or car IIRC.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is offline   Reply With Quote
Old 09-08-2018, 01:08 PM   #15
Full time employment: Posting here.
davebarnes's Avatar
 
Join Date: Dec 2015
Location: Berkeley, Denver, CO, USA
Posts: 773
Middle.
But our daughter is upper. Yea.
__________________
Dave Barnes
Old (71.0) Fart Nerd
AA 73/24/3, WR=3.6%, 91.6% retired, still working 1/2ish hrs/day
davebarnes is offline   Reply With Quote
Old 09-08-2018, 01:08 PM   #16
Thinks s/he gets paid by the post
Katsmeow's Avatar
 
Join Date: Jul 2009
Posts: 4,170
Quote:
Originally Posted by W2R View Post
Are you all looking at some other calculator, or have I gone temporarily insane?

THIS calculator does not include anything related to spending whatsoever. It asks for "Household income before taxes", not spending.
Our primary sources of income right now are either SS or taxable IRA withdrawals. How much we withdraw each year from the IRA is highly dependent on what we spend that year. For this year, we would fit in the upper group because we withdrew more money for one time related expenses to getting our house ready to sell. For next year and thereafter, I anticipate that our income will be in the middle group. That is -- we won't withdraw money from the IRA that we don't intend to spend. Therefore, our income will be less.
Katsmeow is offline   Reply With Quote
Old 09-08-2018, 01:10 PM   #17
Thinks s/he gets paid by the post
 
Join Date: Jan 2018
Location: Tampa
Posts: 4,533
Quote:
Originally Posted by W2R View Post
Are you all looking at some other calculator, or have I gone temporarily insane?

THIS calculator does not include anything related to spending whatsoever. It asks for "Household income before taxes", not spending.

Might want to try it again and pay attention to what you are inputting.

P.S. - - if I erroneously entered what I am spending, rather than "Household income before taxes", then the results would be lower class for me.
I knowingly used spending, which IMO is more reflective in retirement than taxable income.
__________________
TGIM
Dtail is online now   Reply With Quote
Old 09-08-2018, 01:43 PM   #18
Thinks s/he gets paid by the post
GravitySucks's Avatar
 
Join Date: Feb 2014
Location: Syracuse
Posts: 2,190
Lower Middle Upper Class
Pretty Fly for a White Guy
__________________
“No, not rich. I am a poor man with money, which is not the same thing"
GravitySucks is offline   Reply With Quote
Old 09-08-2018, 01:57 PM   #19
Thinks s/he gets paid by the post
 
Join Date: Apr 2005
Location: Midwest
Posts: 2,104
Quote:
Originally Posted by W2R View Post
Yeah, like Warren Buffet! He is really frugal, and doesn't spend much on his house or car IIRC.
He said he even used to mow his own lawn on the weekends till he was in his 60s'. It's one of the things he says he is most proud of.

I just turned 61 and have decided to reassess the lawn situation on a year-by-year basis from now on.
razztazz is offline   Reply With Quote
Old 09-08-2018, 02:03 PM   #20
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,316
When I was working I was just below C-suite and while mowing my lawn on my riding lawn mower I often wondered whether our CEO and CFO mowed their own lawns... I suspect not but I never remembered to aks them. I still mow mine but admit to thinking about outsourcing it.
__________________

__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Pew Research Report on wealth jollystomper FIRE and Money 22 04-26-2013 07:20 AM
Blind Pew calmloki Forum Admin 9 01-20-2013 10:29 PM
Poll About Captain Honors Poll TromboneAl Other topics 10 01-04-2011 08:40 PM
Interesting Job Market-Interesting Blog greg Other topics 1 12-18-2005 01:42 PM
Pew I stink! cute fuzzy bunny Other topics 1 10-28-2004 05:35 AM

» Quick Links

 
All times are GMT -6. The time now is 11:40 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×