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"O"man(are we in trouble)
Join Date: Nov 2005
Location: On the edge
Posts: 16,452
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To me, middle class has more to do w/ how much you save, not how much you make. I know people who make $250,000 a year and spend every penny as soon as it comes in the door. They have all the toys. They have no savings. They would also have to rely on uncle sam if the shlt hit the fan or they lost their source of income. I know others who make $100,000 a year and save religiously. They are building wealth and see themselves as becoming wealthy at some point in the future.
One group is waiting for the government to take care of them and the other is going to take care of themselves.
$1M a year is not wealthy if you piss it all away, get my point. I also know school teachers who have retired millionaires. They still consider themselves middle class.
Politicians just use the term "middle class" to make you feel like they are needed in order to give you the hand outs.
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