Poor, middle Class, rich, and wealthy, will ALWAYS be defined according to the current "social times". . . and it doesn't necessarily pertain to money :-)

This gives more importance to teaching kids starting to work to invest as much of their income as possible, as soon as they have enough to open an account.

Decades if growth are the best possibility to retire before 80 years old.

Agree with this. Also, map out a plan for success for your kids early. Talk to them often about college, trade school and the military. Talk to them often about career options, making a living and their future.

Federal poverty level for 2025 Persons in family/household 100% FPL


1 $15,060
2 $20,440
3 $25,820
4 $31,200

Gave the grandbaby 100 shares for his first birthday, is that soon enough?

A banana and a piece of duck tape might have been the better investment, at today's prices anyway.

Energy isn’t going away, period so I like his chances over a banana.

....dang ..so I'm upper middle class

You’re always working your tail off so you should be.

Keep paying in that Social Security, us old people are depending on you !

It all depends how bad you are with money.

To me a better definition of Middle. lower or upper class could be defined by the amount of descretionary income a household has after deducting the typical or median living costs for the area one lives in. Inflation puts a lot of so called middle income households into lower income households. For those hoping to see a significant drop in living costs don't hold your breath. Abouot 10 years ago when fertilizer, seed, chemicals, fuel and land rents went way up they have not come down hardly any even though prices for the products have gone up and down considerably. Evidently there was or is too much cash that used to be used for discretionary purchases that are now being used for fuel, food, housing, clothing etc. I don't see that changing much if at all. If we deport a lot of undocumented workers the housing shortage will worsen considerably.

Bryce

If we deport 30,000,000 illegals that should open up houses and apartments they are currently living in.

Agreed. If you don’t owe any money….mortgage, car payments, CC bills, $52,000 would work for a retired couple.

I don’t fit in to those money bracket’s. Guess that means I don’t have no class at all.

Yep, there's a big difference between standard of living and quality of life. There's a lot of stuff out there that seems to be "normal" for the American Middle Class that I simply cannot afford. I am, however, convinced that my family and I live a better life than most of the American Middle Class, not just in spite of our lower standard of living, but often because of it.

I'd rather have lots of real-estate to be honest.

It should. We should also confiscate all of the illegal aliens property to lower the burden on Americans who pay tax.

Keith

Oh, someone will get it, but not likely the tax payers

That would be awesome. But it still feels like renting it from the government.

Miss a couple tax payments and see who really owns it. lol.


Are there any states without a property tax?