31. Earning $50,000 to $100,000 Per Year
There are several ways of determining if a person is middle class. One is lifestyle, as there is a particular lifestyle that middle-class people aspire to, even when they can’t afford it. They are looking for status and a means of showing other people that they have become successful instead of saving money and spending time bettering themselves. But another, of course, is income. If you do not make enough money, then you simply cannot flaunt any kind of wealth. You are too busy working two or three jobs so that you can afford groceries and keep your children fed.
Another way of measuring if someone is middle class is by income. People who make roughly $50,000 to $100,000 per year can be considered middle class because they do make enough money that they don’t have to worry about buying groceries. However, they do not make enough money that they can afford a membership to the country club. Perhaps the best way of identifying middle class is through mindset. You can earn $50,000 a year but spend as if you believe you are a millionaire. Or you can make $50,000 a year, live well below your means, gradually build up wealth, build up your job resume, move to something that pays better, and ultimately become a millionaire.