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Old 09-14-2012, 08:35 PM   #55
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Quote:
Originally Posted by AustinChief View Post
If we want to talk MEDIAN income levels and such then yes.. but we all know that the TERM middle class is a loaded one that has a meaning outside of the ACTUAL math.

There was study done awhile back that basically showed that almost everyone thinks THEY are middle class and anyone significantly above or below them is lower or upper class. the term is just useless when used in such a simplistic way.

Romney, Obama and the media paint it in jingoistic terms that make no real sense.
At it's narrowest, the middle class would comprise the middle 1/3 of households. Some might argue that it should include those from the second and third quartiles. To suggest that a family earning in the 90% percentile is somehow middle class demonstrates a complete lack of understanding of any sort of statistics.
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