What is middle class?

[CrazyHorse]

Originally Posted by btlook1

Wifey and I was watching the news last night on CBS I was out of the room but caught the end of a segment. Maybe some of you guys saw this Friday night. The article was about how we are maybe going in to a recession and how rough things are getting for middle class. They were interveiwing a couple from Cali. that one had lost thier job in real estate and how money was getting real tight...made them out to be really good people that our having a hard time getting by. Then they go in to how they are having to sell their vacation home and how in the 2 months 1 of them has been out of a job they have lost over 10k.
Now I'm real sorry about those people and all however what defines middle class? My wife and I bust our asses to make less than 100k a year and we have actually started a small side line to make a little more that's something we enjoy doing.
Now my question to you guys is what is middle class? We darn sure can't afford a vacation home nor if one of us is "laid off" are we going to lose 10k in 2 months. I'm sorry but I'm having a hard time feeling sorry for those people in California with thier rough times. I think people in the media and in Cali. our out of touch with the real people in the real world as they all live in an overpriced and over payed economy. What do you guys think?

I'm not sure just what middle class is either. But 10 years ago 100K a year was in the top 1%