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Author: Subject: Mittens Says Typical Middle Class Homes Earn $250,000 a Year

Ultimate Peach





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  posted on 9/18/2012 at 01:33 PM
http://www.alternet.org/hot-news-views/romney-says-typical-middle-class-hom es-earn-250000-year?akid=9394.20699.A-yNvr&rd=1&src=newsletter71053 0&t=1

Another day, another out-of-touch statement from Mittens.

 

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Zen Peach



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  posted on 9/18/2012 at 01:41 PM
Middle class depends, I guess, on whether you're at the top looking down or at the bottom looking up. I always thought a comfortable middle class family earned 30K to 60K. Guess that tells you how old I am and how much has changed.

 

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  posted on 9/18/2012 at 02:37 PM
I watched the interview and nowhere did he say that a "typical middle class home earns $250,000." Just to make sure I didn't miss something, a check of the transcript backed it up. He never said it. Why must they rely on misquotes and more misquotes. Desperate?

[Edited on 9/18/2012 by alloak41]

 

Universal Peach



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  posted on 9/18/2012 at 02:43 PM
quote:
I watched the interview and nowhere did he say that a "typical middle class home earns $250,000." Just to make sure I didn't miss something, a check of the transcript backed it up. He never said it. Why must they rely on misquotes and more misquotes. Desperate?

[Edited on 9/18/2012 by alloak41]


Do you really have to ask that question?

 

Extreme Peach



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  posted on 9/18/2012 at 02:49 PM
quote:
I watched the interview and nowhere did he say that a "typical middle class home earns $250,000." Just to make sure I didn't miss something, a check of the transcript backed it up. He never said it. Why must they rely on misquotes and more misquotes. Desperate?

[Edited on 9/18/2012 by alloak41]


What did he actually say?

 

Zen Peach



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  posted on 9/18/2012 at 02:50 PM
quote:
GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less.



http://abcnews.go.com/blogs/politics/2012/09/full-transcript-george-stephan opoulos-and-mitt-romney/

 

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Zen Peach



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  posted on 9/18/2012 at 02:54 PM
quote:
quote:
GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less.



http://abcnews.go.com/blogs/politics/2012/09/full-transcript-george-stephan opoulos-and-mitt-romney/


I saw that too. I about fell over.

 

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  posted on 9/18/2012 at 02:55 PM
quote:
quote:
quote:
GEORGE STEPHANOPOULOS: Is $100,000 middle income?

MITT ROMNEY: No, middle income is $200,000 to $250,000 and less.



http://abcnews.go.com/blogs/politics/2012/09/full-transcript-george-stephan opoulos-and-mitt-romney/


I saw that too. I about fell over.


He certainly raised the upper limit on what most folks think as middle class is how I reacted.

 

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Zen Peach



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  posted on 9/18/2012 at 03:02 PM
George: "Is $100,000 middle income?"

Mittens: "No, the typical middle class home earns $250,000."


SOURCE: Liberal fantasyland

 

Zen Peach



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  posted on 9/18/2012 at 03:04 PM
quote:
Middle class depends, I guess, on whether you're at the top looking down or at the bottom looking up. I always thought a comfortable middle class family earned 30K to 60K. Guess that tells you how old I am and how much has changed.


Some of it depends on how many dependents you have. Where I live, a family of four earning $60,000 would be at or below the poverty line.

 

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Zen Peach



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  posted on 9/18/2012 at 03:05 PM
quote:
George: "Is $100,000 middle income?"

Mittens: "No, the typical middle class home earns $250,000."


SOURCE: Liberal fantasyland


$100,000 in a state like New York is middle of the road middle class income. A lot depends on where you live.

 

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True Peach



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  posted on 9/18/2012 at 03:43 PM
All I will say is this and I live on the north shore of Long Island. If a family of four is making a combined income of over $200,000.00 they are doing very well. If they are making a combined income of over $250,000 they are doing very, very well. Neither are even close to what I would consider middle class. Of all of my friends I have one who might possibly be in that combined $200,000.00 level. Most fall in the $100,000 to $150,000 combined range which is what I consider middle class. With what we pay for everything in NY those $100k to $150k middle class families of four are struggling to get by and have little left over to spend on anything extra to boost the economy. If you are in Romney's middle class of $200k or more you have a lot more expendable income and aren't hurting for anything. IMO Romney is way out of touch with what the real middle class is.

 

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Zen Peach



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  posted on 9/18/2012 at 04:13 PM
The national average yearly wage is $41,673.83. Where that goes into what class, of course, depends on many things, including but not limited to, any certain point-of-view. There are different theories as to what amount goes into what class.

Taking a break from partisan arguments for a second, Let's assume that $250,000 is the top limit. Is a spread of $41k to $250k indicative of "middle class?" That's a pretty wide spread.

I suppose you could then try to break it down per population and such into subsections, which has been done with upper, middle, lower, etc.

 

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  posted on 9/18/2012 at 04:21 PM
quote:
All I will say is this and I live on the north shore of Long Island. If a family of four is making a combined income of over $200,000.00 they are doing very well. If they are making a combined income of over $250,000 they are doing very, very well. Neither are even close to what I would consider middle class. Of all of my friends I have one who might possibly be in that combined $200,000.00 level. Most fall in the $100,000 to $150,000 combined range which is what I consider middle class. With what we pay for everything in NY those $100k to $150k middle class families of four are struggling to get by and have little left over to spend on anything extra to boost the economy. If you are in Romney's middle class of $200k or more you have a lot more expendable income and aren't hurting for anything. IMO Romney is way out of touch with what the real middle class is.


I agree that when you get to $200,000 or more you are upper middle class in New York. The point is that when people mention $30,000 to $40,000 being middle class I laugh. I live in a three bedroom attached house and my mortgage payment is more than $30,000 a year.

 

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Zen Peach



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  posted on 9/18/2012 at 04:22 PM
quote:
The national average yearly wage is $41,673.83. Where that goes into what class, of course, depends on many things, including but not limited to, any certain point-of-view. There are different theories as to what amount goes into what class.

Taking a break from partisan arguments for a second, Let's assume that $250,000 is the top limit. Is a spread of $41k to $250k indicative of "middle class?" That's a pretty wide spread.

I suppose you could then try to break it down per population and such into subsections, which has been done with upper, middle, lower, etc.


It totally depends on where you live. It is dumb to even discuss it nationally. There is no national number.

 

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True Peach



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  posted on 9/18/2012 at 04:26 PM
Middle class includes households with incomes all the way up to $250,000? That seems pretty high to me, but perhaps not outreagously in some metro and coastal geographies. That said, when you look at median household income, which divides households evenly in the middle with half of all household earning more than the median income and half of all households earning less than the median household income, it seems pretty apparant to me anyway that household incomes north of $100k are something beyond "middle" class in the broad view:

Median household income in the United States in 2004: $44,389

Regional median household incomes in 2010:

Northeast: $53,283
West: $53,142
South: $45,492
Midwest: $48,445


 

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Zen Peach



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  posted on 9/18/2012 at 04:32 PM
If your middle class is making $200,000+ then it should be easily to fix the economy. All of you just go spend.

Can't imagine a couple earning over $100,000 each without working some pretty good jobs. I guess the Cosby show with a Doctor Dad and a Lawyer Mom is common in the US. Either that or Walmart pays cashiers $100,000.

 

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True Peach



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  posted on 9/18/2012 at 04:35 PM
quote:
quote:
George: "Is $100,000 middle income?"

Mittens: "No, the typical middle class home earns $250,000."


SOURCE: Liberal fantasyland


$100,000 in a state like New York is middle of the road middle class income. A lot depends on where you live.


Median income for New York state is $54,659, which when adjusted for cost of living index of New York (128.29) is $42,606.

Highest COL index in among US states is Hawaii, followed by DC, Alaska, California, Connecticut, New Jersey, then New York.

 

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  posted on 9/18/2012 at 05:57 PM
quote:
If your middle class is making $200,000+ then it should be easily to fix the economy. All of you just go spend.

Can't imagine a couple earning over $100,000 each without working some pretty good jobs. I guess the Cosby show with a Doctor Dad and a Lawyer Mom is common in the US. Either that or Walmart pays cashiers $100,000.


I just got through saying that my MORTGAGE payment is more than $30,000 a year and I live in a small three bedroom house in Queens. We may be working "good jobs" but making between 100 and 200 thousand and raising two kids in the New York metro area does NOT make you anything but solidly middle class.

 

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  posted on 9/18/2012 at 05:59 PM
quote:
quote:
quote:
George: "Is $100,000 middle income?"

Mittens: "No, the typical middle class home earns $250,000."


SOURCE: Liberal fantasyland


$100,000 in a state like New York is middle of the road middle class income. A lot depends on where you live.


Median income for New York state is $54,659, which when adjusted for cost of living index of New York (128.29) is $42,606.

Highest COL index in among US states is Hawaii, followed by DC, Alaska, California, Connecticut, New Jersey,
then New York.


I should not have said New York State. I take that back. I should have said the New York City metropolitan area which encompasses New Jersey and Connecticut as well. Upstate New York is obviously a lot cheaper than downstate. That would bring the state average down. The point is there is no way to compare between say Iowa and New York City.

 

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  posted on 9/18/2012 at 11:15 PM
Romeny's set and said amount there of $250,000 shows he is put of touch from reality.
It is not typical.

Obama using the $250,000 amount as the minimal bar to call someone rich shows he is out of touch. It is not the typical salary base.

What is so magical about $250,000?
Why is this the magic number?
LOL!!!

Lets not put a magic , set number on a two-parent or doemstic partnership, don't want to defend here. Salary depends on region. Cost of lviing.
However, with cost of lviing , different regions, the salraies still balance for that profession in that region.

Middle-Class jobs/professions-
school teacher
school principal
police officer
fire fighter
house painter
construction worker
CPA
bank teller
plumber
cable company service center
car sales associate
secretary at a big company
secretary at a school, university
bus driver
flight attendant
airline personnel
engineer
local tv station news reporter news ( and I don't mean the old farts who have been there for decades)
RN
LPN
surgical technican
and more
and for those who are against big govt., govt jobs, too bad but the people who make life easy at the city, state, and federal levels such as in jobs of school teachers, police, fire, city street construction to those at Board of Health, DMV, City Hall, and so forth, well none of these folks are getting six-figure salaries.


Think about in terms of who you know.

All of these jobs/careers and more wherever in the country, they people don't make say $125,000.
Some people may earn say, $125,000 a year -CPA's, RN's, private rich's kids schools (Sidwell Friends types), news reporter, etc., mayb, but still, say a two -person combined salraies of , or to meet $250,000 is hardly rich. No where near rich.
Upper-Middle Class perhaps.
Add, the more you earn, the more in taxes, etc. you pay. Add and there is nothing wrong with this, but the more you earn, the greater your living means are and if that requires private school for the kids, a housekeeper two days a week, a pricey car, etc., so be it.
As long as you live within your means, whatever your means is, fine.

The Parade section. The Parade magazine does a once year, "what do they and what they make now and then. I know everyone has seen that section. Perfect for what we are talking about.

 

True Peach



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  posted on 9/20/2012 at 11:13 PM
An example of how bad it is getting for some people out there!


http://www.news12.com/articleDetail.jsp?articleId=334322&position=1& ;news_type=news

 

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