1. Meaningful healthcare insurance (i.e. not phantom coverage that only kicks in after thousands of dollars are paid in cash).
2. Significant equity (25%-50%) in a home or other real estate.
3. Income/expenses that enable the household to save at least 6% of its net income.
4. Significant retirement funds: 401Ks, IRAs, etc.
5. The ability to service all debt and expenses over the medium-term if one of the primary household wage-earners lose their job.
6. Reliable vehicles for each wage-earner that are fully covered by insurance.
7. If a household requires government assistance (SNAP, Medicaid, rent subsidies, etc.) to maintain the family lifestyle, their middle class status is in doubt.
8. A percentage of non-financial hard assets such as family heirlooms, precious metals, [Bitcoin], business equity, rental income property, land, etc. that can be transferred to the next generation, i.e. generational wealth.
9. Ability to invest in offspring (education, extracurricular clubs/training, etc.).
10. Leisure time devoted to the maintenance of physical/spiritual/mental fitness.
11. Continual accumulation of human and social capital (adding new skills, expanding social networks and markets for one's services, etc.)
12. Family ownership of income-producing assets such as rental properties, bonds, etc.
pipe
npub1qf…fj6kq
2023-11-19 16:16:32
in reply to naddr1qq…kgjz
Author Public Key
npub1qfkcklnmes45z75y7y8dkud5yll8vp5eq5ysk9rmgqdxeasv8unsrfj6kqPublished at
2023-11-19 16:16:32Event JSON
{
"id": "e9ddac5149fc84376131036ad76f31d7108bb5a078b9d3581da031e35227ab04",
"pubkey": "026d8b7e7bcc2b417a84f10edb71b427fe76069905090b147b401a6cf60c3f27",
"created_at": 1700410592,
"kind": 1,
"tags": [
[
"a",
"34550:026d8b7e7bcc2b417a84f10edb71b427fe76069905090b147b401a6cf60c3f27:Economics"
],
[
"subject",
"Are you middle class?"
]
],
"content": "1. Meaningful healthcare insurance (i.e. not phantom coverage that only kicks in after thousands of dollars are paid in cash).\n\n2. Significant equity (25%-50%) in a home or other real estate.\n\n3. Income/expenses that enable the household to save at least 6% of its net income.\n\n4. Significant retirement funds: 401Ks, IRAs, etc.\n\n5. The ability to service all debt and expenses over the medium-term if one of the primary household wage-earners lose their job.\n\n6. Reliable vehicles for each wage-earner that are fully covered by insurance.\n\n7. If a household requires government assistance (SNAP, Medicaid, rent subsidies, etc.) to maintain the family lifestyle, their middle class status is in doubt.\n\n8. A percentage of non-financial hard assets such as family heirlooms, precious metals, [Bitcoin], business equity, rental income property, land, etc. that can be transferred to the next generation, i.e. generational wealth.\n\n9. Ability to invest in offspring (education, extracurricular clubs/training, etc.).\n\n10. Leisure time devoted to the maintenance of physical/spiritual/mental fitness.\n\n11. Continual accumulation of human and social capital (adding new skills, expanding social networks and markets for one's services, etc.)\n\n12. Family ownership of income-producing assets such as rental properties, bonds, etc.",
"sig": "37d7e663f0967fbf70f7f2d48f92c4d28cd13aeb39b751b010bd3e8c12df7ff1828c7e4040cd0f37f7e2bb4911bda6e90cacd03fb0e0a177ea2775772f8d3334"
}