What impact will Colin Powell's endorsement have?

[JCL]

Originally Posted by x54.4blue

I don't like the Republicans but don't like higher taxes, Obama is a great new hope but he scares me with regard to taxes and who he defines as rich.

The cost of living is higher in NY than most areas and a income of $250,000 plus is really middle class.

Perhaps it is the demographic on this board, but I struggle with a definition of middle class that is making over $250,000 per year. Maybe that is the upper middle, I don't know. Isn't the median wage in the US around $50k? If $250k is the cutoff for the top 5% (just guessing at that figure) then that is a pretty broad middle.

[Wagner]

Originally Posted by JCL

Perhaps it is the demographic on this board, but I struggle with a definition of middle class that is making over $250,000 per year. Maybe that is the upper middle, I don't know. Isn't the median wage in the US around $50k? If $250k is the cutoff for the top 5% (just guessing at that figure) then that is a pretty broad middle.

I've been searching for that definition this whole campaign season.

[JCL]

Originally Posted by Wagner

I've been searching for that definition this whole campaign season.

Yeah, I've noticed

But do you draw the line at less than $250 k per annum, or more?

And 'who dis' in your avatar?

And what happened to our official political pundit?

[Eric5273]

Originally Posted by JCL

Perhaps it is the demographic on this board, but I struggle with a definition of middle class that is making over $250,000 per year. Maybe that is the upper middle, I don't know. Isn't the median wage in the US around $50k? If $250k is the cutoff for the top 5% (just guessing at that figure) then that is a pretty broad middle.

I believe the correct figure is more like 2%. And yes, it is a pretty broad middle to consider people within the top 5% to be "middle class".